Fannie Mae and Freddie Mac today announced the release of the redesigned Uniform Residential Loan Application, the first substantial revision to the form in more than two decades.
The Consumer Financial Protection Bureau has published a webinar and other resources on its website to help bankers comply with the Home Mortgage Disclosure Act final rule. The resources address institutional and transactional coverage, the data disclosure and submission process and key dates. Bankers can view the webinar on the bureau’s website or on YouTube.
Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive and ill-tailored regulatory burden for banks engaged in what he called “traditional banking activities,” which would encompass most community banks and some regional banks as well.
Arbitration, mortgages, small business lending and small-dollar loans are among the Consumer Financial Protection Bureau’s policy priorities over the next two years, according to a document released today.
The Consumer Financial Protection Bureau has requested feedback on its guidelines for when financial institutions must resubmit erroneous Home Mortgage Disclosure Act data.
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.
New regulations finalized in 2015 will cost the financial services industry $9.4 billion and consume 14 million hours of paperwork, according to a new analysis by the American Action Forum.
Data governance is the key not only to effective compliance management but also to risk and performance management.
The Consumer Financial Protection Bureau today finalized a rule required by the Dodd-Frank Act that expands the data lenders are required to collect and report under the Home Mortgage Disclosure Act. The new required information includes the property value, loan term and the duration of any introductory interest rates, as well as underwriting and pricing