The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C. The resources include a small entity compliance guide addressing the changes to the HMDA rule issued in October, instructions on data reporting and a “coverage chart” which helps institutions determine whether they are covered by Reg C.
FHFA releases FAQ about Fannie, Freddie credit score change
FHFA released an FAQ on the recent announcement that Fannie Mae and Freddie Mac will expand credit scoring options. Fannie and Freddie have also created webpages about the planned implementation of the policy.