CFPB turns its reg relief focus to HMDA

CFPB turns its reg relief focus to 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 announced it was eliminating HMDA Explorer.

CFPB turns its reg relief focus to HMDA 05/02/19. The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

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Its purpose is consumer protection in the financial sector, with a focus on banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief. turns out that.

Consumers expecting lower mortgage rates less optimistic about buying Consumers expecting lower mortgage rates less optimistic. – Consumers awaiting rates to decrease over a subsequent 12 months increasing 8 commission points year-over-year and 5 commission points month-over-month. At a same time, a share expecting expansion in home prices over a subsequent year fell 13 commission points from final year and 2 commission points from Mar to April.

Alhough the CFPB is proposing to limit HMDA data, the agency nevertheless acknowledged in its press release how important the data is to the general public and to policymakers.

The CFPB has reported in recent years, unnecessary regulations.9 Fair Lending’s focus on fair, equitable, As part of the Bureau’s efforts to enforce home mortgage disclosure act (hmda) and its implementing regulation, Regulation C, on August 31, 2018, the Bureau issued an interpretive.

Jonathan Foxx of Lenders Compliance Group has published a White Paper on the new changes to HMDA and Regulation C. The new HMDA data collection. not approach the ethical or legal line. At every.

Slower price growth helps homebuyers, hurts underwater mortgages Thus, while the low interest rates are great for people looking to refinance their loan based on newly found equity, for new homebuyers looking to buy, this inflated property value is likely to decrease once interest rates normalize, making these first-time homebuyers more likely to end up with underwater mortgages in the long-run.

CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

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.

CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

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The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

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