Mortgage industry raises concerns about new HMDA rules

After more than three years, the implementation date for the Consumer Financial Protection Bureau’s amendment to Regulation C of the Home Mortgage Disclosure Act (HMDA) has finally arrived. While much has been written about the increased data points to be collected and reported under the rule, and the regulatory risks this presents to covered entities, the data privacy issues have been largely.

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Industry Issues A-Z / mortgage rules; mortgage Rules. Articles & Press Releases. Title: Publication:. HUD Issues New Requirements for Down-payment assistance: newswatch Today Article:. ICBA Tips for Responding to Public Requests for Home Mortgage Disclosure Act (HMDA) Data (?) ICBA Summaries:

CFPB turns its reg relief focus to HMDA. Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, The bureau released a new notice of proposed rulemaking that would raise the thresholds for.. Authoritative analysis and perspective for every segment of the mortgage industry .

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Ethics in the mortgage industry may seem like a complex issue, but it really boils down to a few simple. The “Golden Rule” you learned as a child still applies: Treat others. raise legal questions.. His ad brings in 100 new customers, and he works. HMDA provides loan data that can be used by the public to assist in: .

Compliance resources and guidance to help industry understand, implement, and comply with the Home Mortgage Disclosure Act (HMDA) / Regulation C.. The tila-respa integrated disclosure rule replaces four disclosure forms with two new ones. We have resources to help you comply.. Rule. Browse.

By Carl G. Pry, CRCM. F ew topics have generated as much attention this year than the new 2018 HMDA rules, from the expanded definition of a HMDA-reportable application (any dwelling-secured loan or line of credit is now covered) to the vast increase in data that must now be collected and submitted. In order to implement these changes, the effort cannot be limited to just compliance personnel.