The Consumer Financial Protection Bureau finalized a rule to improve information reported about the residential mortgage market, and a lot of people in the mortgage finance and housing industry.
Since issuing the 2015 HMDA Rule and 2017 HMDA Rule, the Bureau has heard concerns about the burden associated with reporting certain of the new or revised data points relative to the value of the information in serving HMDA’s purposes.
Compliance resources and guidance to help industry understand, implement, and comply with the Home Mortgage Disclosure Act (HMDA) / Regulation C.. The TILA-RESPA integrated disclosure rule replaces four disclosure forms with two new ones. We have resources to help you comply.. Rule. Browse.
Home-loan payoffs in Colorado fall to 5-year low Sterne Agee lowers and suspends estimates on Ocwen’s debt refi Eurostat estimates that the number of unemployed people in the eurozone fell by 56,000 to 15.6 million.. at over 9 million barrels per day, as operators keep their oil wells gushing in a struggle to service debt and stay alive.. It was dragged lower by more than a one percent drop each in.These low rates may be in part caused by Lee County’s distance. the role of place in how Americans interact with the nation’s postsecondary system. The payoff for future investments must be felt.
Public comments are being requested a a new proposed rule for collecting data under the Home Mortgage Disclosure Act (HMDA). The Consumer Financial Protection Bureau (CFPB) said the new rule.
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..
Lender Privlo expands into California Earlier this year, HomeStreet, a community bank and mortgage lender that operates bank branches and standalone. HomeStreet previously had 72 home loan centers: 37 in Washington, 16 in California,
As we previously reported, in October 2015, the CFPB adopted significant revisions to Regulation C, the Home mortgage disclosure act (hmda. did not raise points relevant to the Bureau’s decisions. NEW. industry. That official cited concern that details of private equity firms’ proposals and future returns could be made public.
Although lenders might not need to worry as much about enforcement of the new HMDA rules, they have plenty of other compliance matters to be concerned about.. HMDA Not the Only Compliance Concern For Mortgage Lenders in. Industry Insight. requesting and receiving industry-wide loan data.
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.
HUD Secretary Ben Carson apparently doesn’t know what an REO is · Department of Housing and Urban Development (HUD) Secretary Ben Carson was caught out during a hearing Tuesday, appearing not to know the meaning of a basic housing term related to foreclosure and confusing it with an Oreo cookie.
amended HMDA in 2010 Added new reporting requirements "Such other information as the Bureau may require" The 2010 Federal Reserve Board Hearings The Bureau issued the HMDA proposed rule on July 24, 2014 97-day comment period About 400 comments The Bureau issued the HMDA final rule on October 15, 2015 to