CFPB turns its reg relief focus to HMDA

The noble objectives of the Home Mortgage Disclosure Act (HMDA) and its mortgage reporting requirements should be balanced by an appropriately tailored regulation, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Tuesday. The CFPB proposed increasing the HMDA reporting thresholds for closed-end mortgages to 50 or 100 loans (up from the current 25) and extending the current.

The Bureau of Consumer Financial Protection (Bureau) is amending Regulation C to make technical corrections to and to clarify certain requirements adopted by the Bureau’s Home Mortgage Disclosure (Regulation C) final rule (2015 HMDA Final Rule or the Final Rule), which was published in the Federal Register on Oct. 28, 2015.

Five things every credit union needs to know about new HMDA rules. More from Credit Union Journal. CFPB extends comment period for HMDA proposal. proposed hmda changes could offer ‘broad-based relief’ to credit unions. May 10 CFPB turns its reg relief focus to HMDA. May 2 CFPB details what.

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New Government Monitoring Information (GMI) Demographic fields. On September 28, 2016 the CFPB issued a notice detailing its approval of the use of the new 2016 uniform residential loan Application (URLA) for the expanded collection of information relating to ethnicity and race under the Home Mortgage Disclosure Act (HMDA).

Warren W. Traiger was quoted on May 2, 2019 in a National mortgage news article, "CFPB turns its reg relief focus to HMDA," which discussed the Consumer Financial Protection Bureau’s steps to ease reporting requirements under the Home Mortgage Disclosure Act after the agency has previously.

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Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months. Kraninger, who has been on the job at the CFPB for just four months, was named the chair of the FFIEC in April.

Inventory keeps contracting as higher rates deter sellers: Redfin "In the first half of the year, the housing market was able to keep its head above water, despite high prices and low inventory, because buyer demand was so strong," said Redfin chief.

Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months.