Tag Archives: HMDA

Banks and credit unions are markedly more worried about regulatory compliance and risk management, according to new data. The results of a new survey show that overall risk management concern is up 13 percent over the year.

The Consumer Financial Protection Bureau was recently asked to examine the data included with its Home Mortgage Disclosure Act reporting. Learn why.

The main updates for 17.4 Ellie Mae’s all-in-one mortgage management software can be found inside.

MERSCORP Holdings, Inc., announced this week it will support the Consumer Financial Protection Bureau’s updated Home Mortgage Disclosure Act requirements by facilitating legal entity identifier (LEI) registrations and renewals for users of MERS System and other industry participants.

The Consumer Financial Protection Bureau recently reported on what it has done to assist the mortgage industry with the smooth implementation of three of its major initiatives: TRID, HMDA, and the August 2016 updates to its new mortgage servicing rules.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Alexander Monterrubio, Regulatory Affairs Counsel with the National Association of Federal Credit Unions.

The Consumer Financial Protection Bureau nearly tripled the amount of data fields lenders must report under the Home Mortgage Disclosure Act. Is it too much?

Lenders have been troubled by the Home Mortgage Disclosure Act (HMDA) data points for many years, but they may see some relief in the near future.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing and mortgage industries. This installment features Mike Flynn, partner in Goodwin Procter’s Financial Institutions Group.

The HMDA dataset has not kept pace with the mortgage market’s evolution despite being the leading source of information for the market, CFPB said; for example, the HMDA data does not include adequate information about loan features such as adjustable-rate mortgages and non-amortizing loans which helped contribute to the mortgage crisis.