Home / Tag Archives: Home Mortgage Disclosure Act

Tag Archives: Home Mortgage Disclosure Act

BCFP Clarifies HMDA Rules

In order to implement and clarify the requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act, released an “interpretive and procedural rule”. Click through to learn more.

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MERSCORP To Offer LEI Registrations Later This Year

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.

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Empower Incorporates HMDA Rule, New Tech Integrations

Black Knight Financial Services announced last week the release of LoanSphere Empower 7.0, a new version of its loan origination system (LOS), including updates aimed at compliance with the Consumer Financial Protection Bureau’s (CFPB) Home Mortgage Disclosure Act (HMDA) and enhanced technological integrations.

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CFPB Finalizes Requirements for Reporting Mortgage Data

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.

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CFPB Official Discusses New Servicing Rules

The laws are constantly changing, however, making compliance an even further complicated issue. Laurie Maggiano, a program manager for servicing and secondary markets at the Consumer Financial Protection Bureau (CFPB), was on hand to discuss the ever-changing world of servicing statutes for the "CFPB's National Servicing Standards – Update Session" section of the Compliance Lab on September 15.

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