Mortgage industry raises concerns about new HMDA rules

Public comments are being requested a a new proposed rule for collecting data under the Home Mortgage Disclosure Act (HMDA). The Consumer Financial Protection Bureau (CFPB) said the new rule.

Industry Issues A-Z / Mortgage Rules; Mortgage Rules. Articles & Press Releases. Title: Publication:. Keep Urging CFPB to Raise HMDA Thresholds: NewsWatch Today Article:. ICBA Tips for Responding to Public Requests for Home Mortgage Disclosure Act (HMDA) Data May 1, 2014, 18:13 PM

The Bureau of Consumer Financial Protection (Bureau) issued final policy guidance (Policy Guidance) describing modifications the Bureau intends to apply to the Home Mortgage Disclosure Act (HMDA) data reported by financial institutions under HMDA and Regulation C before the Bureau makes it available to the public on the loan level.

“I approach all these issues with a very open mind, very much willing to be influenced by what we see and hear at these hearings.” Almost 40% of U.S. homes are ‘free and clear’ of a mortgage Safe..

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Industry Issues A-Z / Mortgage Rules; Mortgage Rules. Articles & Press Releases. Title: Publication:. Keep Urging CFPB to Raise HMDA Thresholds: NewsWatch Today Article:. the Home mortgage disclosure act oct 29, 2018, 17:04 PM External URL:

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.

the new CFPB tool using the new file format. By January 2018, mandatory start for collecting the disaggregated data. By January 2019, report the full new data set to the new CFPB tool for 2018 data. By January 2020, large institutions (60,000 covered loans) begin quarterly HMDA data reporting.

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Interest Only vs Repayment Mortgages NAFCU raises concerns about CFPB’s HMDA amendments. NAFCU Regulatory Affairs Counsel Andrew Morris on Thursday raised the association’s concerns about the CFPB’s proposed amendments to its Home Mortgage Disclosure Act rule, Most of the new HMDA requirements become effective Jan. 1, 2018..

Market for home construction workers improves, still rough Housing inventory steadily declines in 2012 MBA: New home purchase applications slip back down MBA: New Home Purchase apps dropped 6.1% in December. The Mortgage bankers association builder application survey data for December 2018 shows mortgage applications for new home purchases decreased 6.1 percent from a year ago. Compared to November 2018, applications decreased by 13 percent. · Inventory Is Down, Way Down: January 2013 State of the Housing Market The major storyline of 2012 was that inventory drastically fell throughout the year, and as a result the median price per square foot for homes increased steadily.6, just before the first notre dame home. throughout the construction season through social media and with posters. “We will be extra aggressive in letting people know that downtown is still very.