Tag Archives: Home Mortgage Disclosure Act

After the signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act, several institutions had questions about the exemptions to HMDA made in the Act. See what clarifications the CFPB made to the Act.

The CFPB announced Thursday that the Home Mortgage Disclosure Act (HMDA), enacted in 1975, has been temporarily changed for banks and credit unions that offer Home Equity Lines of Credit. Take a look at some of the changes that were made in the final ruling.

Several representatives and senators have been pushing for change in compliance regulations, but a recent bill could possibly be the answer. Being that this isn’t the first bill of its kind, what does it bring to the table that others didn’t? See what Representative Tom Emmer and Congressman Blaine Luetkemeyer have in mind.

A recent survey of mortgage professionals shows that a majority are ready for regulation changes to the Home Mortgage Disclosure Act. Most of those polled believe requirements for collecting, analyzing and reporting data, coupled with a lack of resources to manage the mortgage data, contributes to the rising cost of loans. Nearly a quarter share President Trump’s sentiment that policy changes to the mortgage industry would be beneficial to the lending market.

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.

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.

Despite improvements in mortgage access for borrowers over the last few years, the latest federally released data from the Home Mortgage Disclosure Act has done nothing to reverse an unfortunate fact.

Melissa Kozicki of the Mortgage Builder Division of Altisource discusses the updates to the Home Mortgage Disclosure Act and what they mean for lenders. Editor's note: This select print feature originally appeared in the October 2016 issue of MReport magazine.

The Bureau has issued a letter of warning to 44 mortgage lenders and brokers, telling them that they may not be in compliance with the Home Mortgage Disclosure Act.

The latest Home Mortgage Disclosure Act (HMDA) data found that nonbanks' share of the mortgage market is rising while banks' share is shrinking. What is the reason for the shift?