MBA Advocacy Update

On December 23, MBA sent a letter to Ginnie Mae offering recommendations on how the agency can improve its upcoming Digital Collateral Guide. Last week, the U.S. Department of Homeland Security and the New York Department of Financial Services both issued warnings alerting companies to potential cybersecurity risks. And on December 20, the Georgia Department of Banking and Finance finalized rules regarding mortgage loan originator temporary authority.

Homeland Security, New York DFS Issue Warnings on Potential Iran Cybersecurity Breaches

In the wake of the U.S. military drone strike against the leader of Iran’s special operations forces last week, the Department of Homeland Security, as well as the New York Department of Financial Services, issued warnings about potential Iranian cybersecurity threats targeting U.S. businesses, particularly financial institutions.

MBA Releases New White Paper: The Basic Components of an Information Security Program

The Mortgage Bankers Association released a new white paper, The Basic Components of an Information Security Program, which provides an overview of current information security risks that affect the mortgage industry, as well as explanations of basic components of an information security program intended to help manage those risks.