Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months. Kraninger, who has been on the job at the CFPB for just four months, was named the chair of the FFIEC in April.
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Residential: CFPB’s proposed HMDA reform will provide relief to smaller lenders In a wave of announcements earlier this month, the Consumer Financial Protection Bureau (CFPB) outlined its plan to tackle Home Mortgage Disclosure Act (HMDA) reform.
A Guide To HMDA Reporting: Getting It Right! The Guide is a valuable resource for assisting all institutions in their HMDA reporting. It includes a summary of responsibilities and requirements, directions for assembling the necessary tools, and instructions for reporting HMDA data.
“Congress, through the Dodd-Frank Act, gave the bureau incredible powers and incredible independence from both the president and the Congress in its structure,” Kraninger said. “My focus. that the.
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation C to make technical corrections to and to clarify certain requirements adopted by the Bureau’s Home Mortgage Disclosure (Regulation C) final rule (2015 HMDA Final Rule or the Final Rule), which was published in the Federal Register on Oct. 28, 2015.
Overuse of GSE tools in the private-label market adds risk: Moody’s Overuse of GSE tools in the private-label market adds risk: Moody’s. Being too dependent on the automated underwriting tools created by the government-sponsored enterprises to originate loans underlying private-label mortgage-backed securitizations could negatively affect their credit quality, a.
CFPB turns its reg relief focus to HMDA 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 FAQs focus. HMDA examination procedures address the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (“EGRRCPA”) amendments to HMDA, 2018 amendments to HMDA’s implementing.
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The Consumer Financial Protection Bureau (CFPB) proposed Friday to temporarily relax the scope of upcoming changes to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), by raising one threshold for HMDA reporting. Under Regulation C amendments previously finalized and scheduled to take effect in 2018, HMDA reporting requirements would apply to any financial institution.
"The Fair Lending Office will continue to focus on advocacy, coordination, and education, while its current supervision. files.consumerfinance.gov/f/documents/201708.