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InfoBytes Recent News

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HUD Issues Mortgagee Letter Addressing Sub-Servicing of FHA Loans

For a copy of the letter, please see click here. 

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  • OCC Fines Bank $100,000, Orders $5.1 Million in Restitution for Unsafe and Unsound Practices Violations -- CONSENT ORDER
  • HUD Issues Rule That Will Increase Mortgagee Net Worth Requirement; Eliminate Loan Correspondent Approval Requirement
  • House Passes Bill That Would Exempt Institutions from Providing Certain Privacy Notices Under GLB
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  A full listing of national & state bank regulatory agencies & industry groups.