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Browsing: HELOCs
ABA Endorses Promontory Fulfillment Services’ Mortgage Fulfillment Solution
To enable banks to offer a full range of mortgage products, ABA has endorsed the comprehensive mortgage fulfillment solution provided by Promontory Fulfillment Services, a unit of Promontory MortgagePath.
Household Debt Increases for 15th Consecutive Quarter
Outstanding household debt increased by 0.5 percent in the first quarter of 2018, rising by $63 billion to land at $13.21 trillion, the Federal Reserve Bank of New York said yesterday.
Household Debt Jumps in Fourth Quarter of 2017
Outstanding household debt increased by 1.5 percent in the fourth quarter of 2017, rising by $193 billion to land at $13.15 trillion, the Federal Reserve Bank of New York said today.
Consumer Delinquencies Mixed in Third Quarter of 2017
Delinquencies in many types of closed-end loans and home equity lines of credit rose in the third quarter of 2017, while bank card delinquencies fell, according to the ABA Consumer Credit Delinquency Bulletin released today.
CFPB Finalizes HMDA Technical Corrections, HELOC Reporting Threshold
The Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.
ABA Supports CFPB Proposal to Raise Threshold for HELOC Reporting
In a comment letter today, ABA supported a CFPB proposal to raise the threshold at which banks are required to report data on home equity lines of credit.
CFPB Proposes Temporary Adjustments for HMDA Reporting Requirements
The Consumer Financial Protection Bureau today issued a proposal to raise the threshold at which banks are required to report data on home equity lines of credit.
Consumer Delinquencies Up in First Quarter
Delinquencies in both open- and closed-end loans rose in the first quarter of 2017, according to the ABA Consumer Credit Delinquency Bulletin released today.
Consumer Delinquencies Mixed in Fourth Quarter
Delinquencies in closed-end loans rose in the fourth quarter of 2016 while delinquencies in open-end loans fell, according to the ABA Consumer Credit Delinquency Bulletin released today.