--- title: "2023 Mortgage Compliance Priorities: What to keep on your radar" description: Join the First American network of trusted title agents with comprehensive tools and resources. image: https://blog.docutech.com/hubfs/root/Blog/2023-001-DT_blog-compliance-2.jpg --- - Solutions - [Overview](https://docutech.com/solutions/) - [Document Solutions](https://docutech.com/solutions/document-solutions) - [eClosing](https://docutech.com/solutions/eclosing/) - [Document Generation](https://docutech.com/solutions/document-generation) - [Fulfillment](https://docutech.com/solutions/solutions-fulfillment) - Resources - [Overview](https://docutech.com/resources/) - [Solution Briefs](https://docutech.com/resources/solution-briefs) - [Request a Demo](https://docutech.com/docutech-request-a-demo) - [Compliance](https://docutech.com/resources/compliance) - [Blog](https://blog.docutech.com) - Partners - [Overview](https://docutech.com/partners/) - About Us - [Overview](https://docutech.com/about-us/) - [Contact Us](https://docutech.com/about-us/contact-us) - Let's Talk - Solutions - [Overview](https://www.docutech.com/solutions?hsLang=en) - [Document Solutions](https://www.docutech.com/solutions/document-solutions?hsLang=en) - [eClosing](https://www.docutech.com/solutions/eclosing?hsLang=en) - [Document Generation](https://www.docutech.com/solutions/document-generation?hsLang=en) - [Fulfillment](https://www.docutech.com/solutions/solutions-fulfillment?hsLang=en) - Resources - [Overview](https://www.docutech.com/resources?hsLang=en) - [Solution Briefs](https://www.docutech.com/resources/solution-briefs?hsLang=en) - [Request a Demo](https://www.docutech.com/docutech-request-a-demo?hsLang=en) - [Compliance](https://www.docutech.com/resources/compliance?hsLang=en) - [Blog](https://blog.docutech.com/) - Partners - [Overview](https://www.docutech.com/partners?hsLang=en) - About Us - [Overview](https://www.docutech.com/about-us?hsLang=en) - [Contact Us](https://www.docutech.com/about-us/contact-us?hsLang=en) # 2023 Mortgage Compliance Priorities: What to keep on your radar Jan 24, 2023 Topics: [Compliance](https://blog.docutech.com/tag/compliance), [Regulatory Updates](https://blog.docutech.com/tag/regulatory-updates) The November 2022 elections had unexpected results, and it is uncertain how it will affect mortgage regulations. However, lenders can prepare for compliance priorities by understanding the priorities of the Consumer Financial Protection Bureau, upcoming changes, and market conditions. This will help them maintain profitability in a challenging housing market. Consumer Financial Protection Bureau's Focus for 2023: Fair Lending and Elimination of Junk Fees In 2023, the Consumer Financial Protection Bureau (CFPB) will likely have an aggressive approach to protecting consumers. One of the top priorities for enforcement will be fair lending, which prohibits discrimination in residential mortgage loans. The CFPB will also focus on eliminating junk fees charged by banks that disproportionately affect low-income residents and people of color. Lenders will need to review their fee structure to ensure they comply with federal, state, and local regulations. Updates on Legal Documents Requirement for Fannie Mae and Freddie Mac in 2023 Starting on January 1, 2023, Fannie Mae and Freddie Mac  require new notes and security instruments for loans delivered to them. These documents replace the old ones used since 2001. Soon lenders will also need to include the Supplemental Consumer Information Form in the loan file for new conventional loans and use the updated IRS Form 4506-C to prevent fraud. #### Loan Products to Consider in a Rising Interest Rate Market Home equity loans, ARMs and buydowns are loan products to keep an eye on in the current market. Home equity activity continues to gain momentum with homeowners. ARMs have lower interest rates in the short term but may not be as attractive in the long run as rates are expected to decrease for fixed rate mortgages. Lastly, buydowns can help reduce financial pressure for buyers by temporarily reducing the amount of interest they pay. Interest rates for home equity loans and lines of credit may decrease soon. Staying on top of compliance trends can help lenders identify and manage potential risks, avoid costly mistakes, and maintain a positive reputation in the industry. We’ll be releasing more information on these priorities soon. In the meantime, be sure to subscribe to our dedicated [Compliance Blog](https://compliance.docutech.com/) where Fred and his team of experts share the latest compliance information.  Learn more about Docutech’s compliance services for lenders [here](https://docutech.com/services/regulatorycompliance/). Subscribe to the Compliance Blog [here](https://compliance.docutech.com). [Return to Blog](https://blog.docutech.com) ### Stay informed. --- Subscribe to emails to get notified when new content is published. ### Category / Topics [Compliance](https://blog.docutech.com/tag/compliance) [Regulatory Updates](https://blog.docutech.com/tag/regulatory-updates) ### Recent Posts #### [Compliance Updates: April 2025 In Review](https://blog.docutech.com/april-2025-compliance-recap) Jan 24, 2023 #### [Compliance Updates: March 2025 In Review](https://blog.docutech.com/march-2025-compliance-recap) Jan 24, 2023 #### [Compliance Updates: February 2025 In Review](https://blog.docutech.com/february-2025-compliance-recap) Jan 24, 2023 The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action. 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All rights reserved. First American Mortgage Solutions, LLC, and its affiliates make no express or implied warranties respecting the information presented and assume no responsibility for errors or omissions. Title insurance and settlement services are provided by First American Title Insurance Company, an affiliate of First American Mortgage Solutions, LLC. First American, the eagle logo, firstam.com, CleanFile Solutions®, ConformX®, Docutech, the Docutech logo, FirstMod®, and Solex® are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. MISMO® and SMART Doc® are trademarks of the Mortgage Industry Standards Maintenance Organization. MERS® is a trademark of MERSCORP Holdings, Inc., doing business as ICE Mortgage Technology. All rights reserved. Other products and services are or may be trademarks of their respective owners. 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