Michael L. Vitali, Sr., SVP and Chief Compliance Officer with LoanLogics, discusses with MReport the recent updates to the Home Mortgage Disclosure Act and what lenders are facing.
Read More »Credit Unions Urge CFPB to Reduce HMDA Regulatory Burden
The revamped rule appears to be weighing heavy on the minds of many in the mortgage industry as is brings about several new data point requirements that must be fulfilled by lenders.
Read More »Handle HMDA With Care
Michael Flynn, a partner in Goodwin Procter’s Financial Institutions Group sat down with MReport to explain how the HMDA rule is shaking up the mortgage industry and advises on how to cope with the changes.
Read More »CFPB Requests Comment on HMDA Resubmissions
Lenders have been troubled by the Home Mortgage Disclosure Act (HMDA) data points for many years, but they may see some relief in the near future.
Read More »Banks & Credit Unions Place Accurate Data Capture at Top of HMDA Concerns
The Home Mortgage Disclosure Act data collection rules have recently been finalized, but U.S. banks and credit unions are troubled with how to accurately capture the new HMDA-required data fields.
Read More »Housing Recovery Locks Out Minorities
Clear signs of recovery have been recorded in the housing market, but minority borrowers do not seem to be linked to this recovery.
Read More »CFPB Announces Finalization of HMDA Reporting Rule
The Consumer Financial Protection Bureau has announced the finalization of a rule that will improve information about consumers’ access to residential mortgage credit by updating reporting requirements of the Home Mortgage Disclosure Act.
Read More »Mortgage Originations Drop 31 Percent in 2014, HMDA Data Finds
Mortgage loans declined from 8.7 million to 6.0 million, or by 31 percent in 2014 compared to the previous year, mostly due to a drop in refinancing.
Read More »Mortgage Originations Expected to Decline in 2014, CoreLogic Estimates
Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.
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