The CFPB adopted rules amending provisions under the Equal Credit Opportunity Act (ECOA). The adopted rules: provide creditors additional flexibility in complying with ECOA in order to facilitate compliance with the Home Mortgage Disclosure Act; add new model forms and remove an existing outdated form; and make various other amendments to facilitate the collection and retention of information about the ethnicity, sex, and race of certain mortgage applicants. The adopted rules become effective January 1, 2018.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
