Rick Hall of LoanLogics explains why quality control should be viewed not as a cost center, but as an investment that ensures future success.
Read More »CFPB Updates HMDA Rules
According to the Bureau, the final rule will reduce regulatory burden on smaller institutions to help those institutions to focus on responding to consumers in need now and in the longer term.
Read More »Ellie Mae Enhances HELOC Functionality
Ellie Mae's expanded functionality offers additional automation capabilities for greater efficiencies in HELOCs for lenders.
Read More »The Intersection of Mortgage Lending, Foreclosures, and Race
A recent study looked at HMDA data released by the Federal Financial Institution’s Examination Council to analyze racial disparities among mortgage lending trends. Here’s what it found.
Read More »The Potential Pitfalls of HMDA Deregulation
An expert gives insights on how dwindling of reporting data could harm underserved communities and weaken bank performance evaluation.
Read More »Democratic Congress Members Oppose Proposals by CFPB
More than 60 Democratic members of Congress, including Chairwoman of the House Financial Services Committee Maxine Waters, protested a proposal by the Consumer Financial Protection Bureau (CFPB) that ...
Read More »Analyzing Lending Practices Under CRA
Here’s how new data on the lending done by banks and nonbanks to low- and middle-income borrrowers could help the OCC in its proposed rule changes to the CRA.
Read More »BCFP Amends Housing Regulations
The BCFP made several amendments to the mortgage related acts. How has the Home Mortgage Disclosure Act been impacted by recent change?
Read More »BCFP Issues Advisory on HMDA Exceptions
The guidelines issued by BCFP advise small banks and credit unions on the partial exemptions available to them under the HMDA rules of the amended Dodd-Frank Act. Here are the details.
Read More »Scrutinizing Reforms at CFPB
Here’s what the Financial Services Committee said during a hearing to discuss CFPB’s Acting Director Mick Mulvaney’s recommendations to promote greater transparency at the Bureau as well as other reforms at CFPB.
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