Items Tagged with 'HMDA'

ARTICLES

  • CFPB finds Freedom Mortgage intentionally reported inaccurate HMDA data

    Bureau hits Freedom with fine for HMDA reporting errors
    Loan officers at Freedom Mortgage intentionally reported inaccurate Home Mortgage Disclosure Act data over a several-year period, the CFPB said Wednesday. According to the bureau, an investigation found that Freedom reported "inaccurate race, ethnicity, and sex information" and that "much of Freedom’s loan officers' recording of this incorrect information was intentional" during that time. Click the headline for details.
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  • CFPB proposes new HMDA rules

    New rules would increase reporting threshold for mortgages
    Last year, the Consumer Financial Protection Bureau relaxed some of the requirements for the data collection and reporting stipulated by the Home Mortgage Disclosure Act. Now, the CFPB is proposing to ease the HMDA reporting requirements even more. Click the headline for the full story.
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  • Urban Institute urges CFPB to release more data on multifamily lending

    Says expanded reporting will encourage more low- to moderate-income lending
    Multifamily lenders are required by the Home Mortgage Disclosures Act to report data to regulators on the number of units in a property, including the number if rent-restricted units. But the CFPB doesn’t share all of this data with the public, and the Urban Institute says this is a roadblock to understanding how well a lender is serving its community.
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  • CFPB modifies HMDA data disclosure, issues 2019 guidance

    Bureau announces changes to how it will disclose loan-level data
    The Consumer Financial Protection Bureau announced it has issued new guidance on Regulation C of the Home Mortgage Disclosure Act in an effort to protect consumers’ privacy. The new policy guidance that affects loan-level data that is publicly disclosed via HMDA, beginning in 2019. Here's what is changing in the new year.
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  • Here are the top 10 lenders that dominated 2017

    Ranked by loan volume
    Lenders in 2017 saw a busy and competitive housing market, keeping them thriving despite rising interest rates and uncertainty surrounding regulation. Here is the list of the top 10 mortgage originators that dominated the 2017 market by total volume of loans originated.
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  • HousingWire launches exclusive 5-part regtech podcast series

    Regtech Report brought to you by ComplianceEase
    HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!
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  • MBA, NMHC, others call on CFPB to change multifamily HMDA rules

    Want exemption from HMDA reporting for business-to-business loans
    The Mortgage Bankers Association, the National Multifamily Housing Council, and several other prominent trade groups are calling on the Consumer Financial Protection Bureau to change the Home Mortgage Disclosure Act rules for multifamily lending. The groups want the CFPB to completely exempt multifamily business-to-business lending from HMDA reporting requirements.
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