mortgage industry by providing. New 1003 uniform residential loan Application. Home Mortgage Disclosure Act. Basic Overview of HMDA Final Rule. company's current data that when aggregated might raise a fair lending concern?
Lenders should already be implementing the upcoming HMDA changes. Implementation is complex, and the time to start has passed. by Kathy Keller. Just as the mortgage industry has started to emerge from the challenges of "Know Before You Owe" (TRID), revisions to the Home Mortgage Disclosure Act (HMDA) are fast approaching.
Mortgage brokers would no longer have an incentive to sell customers larger-than-necessary home loans, the industry claims, under a package of changes designed to address regulator concerns. more.
NAFCU raises concerns about CFPB’s HMDA amendments. NAFCU Regulatory Affairs Counsel Andrew Morris on Thursday raised the association’s concerns about the CFPB’s proposed amendments to its home mortgage disclosure act rule, Most of the new HMDA requirements become effective Jan. 1, 2018..
Valuation Partners adds Denise Neely as vice president Joan McCarthy, MJM Services, secretary; and Sean McCauley, PNC Business Credit, immediate past president. Those named to the board of directors are Kevin Bader, melcap partners llc; Rudolf Bentlage,
The Bureau of Consumer Financial Protection (Bureau) issued final policy guidance (Policy Guidance) describing modifications the Bureau intends to apply to the Home Mortgage Disclosure Act (HMDA) data reported by financial institutions under HMDA and Regulation C before the Bureau makes it available to the public on the loan level.
Re: Disclosure of Loan-Level HMDA Data; Docket No. CFPB-2017-0025. by streamlining and improving the laws and regulations governing the mortgage industry.. The CFPB’s new data submission interface raises concerns about accessibility, functionality, data aggregation and storage, and.
CFPB Issues Rule to Implement and Clarify New HMDA Amendments. Officer Manager. He regularly writes about the mortgage industry, as well as residential and commercial real estate, investments, and retirement income planning.. The consumer financial protection bureau (cfpb) announced.
Report: Alt-A Delinquency Rate Nearing 18 Percent According to the survey, the serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 2.06 percent – a decrease of seven basis.ReverseVision launches interactive comparison tool for reverse mortgages 2017 HW Vanguard: Sean Buckner “Continued economic uncertainty and weak inflation data pushed rates lower this week,” Freddie Mac Chief Economist Sean Becketti said. decreased to 3.96% for the week ending July 20, 2017. This is.