Mortgage industry raises concerns about new HMDA rules

At the same time, the Proposed Rules would address concerns. Home Mortgage Disclosure Act (HMDA) requirements, CFPB has also proposed to permanently raise the loan thresholds for open-end and.

In preparation for upcoming changes to Home Mortgage Disclosure Act (HMDA) requirements under the Home Mortgage Disclosure (Regulation C) final rule (HMDA final rule. and it struggles to raise new.

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In a major win for the industry, the Consumer Financial Protection Bureau announced today that it will not assess penalties with respect to errors in Home Mortgage Disclosure Act data collected in 2018 and reported in 2019, and will not require banks to resubmit data for that period unless errors are found to be material.

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.

On October 15, 2015, the Consumer Protection financial bureau (cpfb) issued final rules for the Home Mortgage Disclosure Act (HMDA). At first glance, the HMDA rules represent another new compliance issue to tackle, among dozens of others. Take a closer look, however, and something more worrisome jumps out.

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..

How To Shop For a Mortgage Craig Phillips, a counselor to Treasury Secretary Steven Mnuchin, was among the officials who heard the concerns of the mortgage industry directly. quite a bit of legal flexibility to use money it.

March home sales increase in almost all metros: RE/MAX Ocwen shared appreciation program holds redefaults steady From HW: Borrowers will likely stay current on their mortgage after a principal write-down whether they share future equity returns with the bank or not, according to new shared appreciation program data. Select borrowers can receive a principal reduction from Ocwen Financial Corp., but those back above water over three years but must agree to [.]