ABA Regulatory and Compliance Inbox: Can We Base Mortgage Credit Decisions on the Assets of the Borrower?
What would my bank report if instead of income it based the credit decision on the assets of the borrower?
Tag: HMDA
ABA, Trade Groups: HMDA Compliance Costs, Burdens Remain High
As the CFPB undertakes its planned assessment of the 2015 Home Mortgage Disclosure Act regulations and related amendments, the American ...
CFPB Issues RFI on HMDA Rules
The CFPB today announced that it will undertake a review of its rules implementing the 2015 changes to the Home ...
CFPB: Closed-End Mortgage Loans Increased in 2020
Closed-end mortgage originations increased 65.2% in 2020, driven primarily by an increase in mortgage refinance loans, according to a new ...
Must the Bank Update the Loan Estimate if It Becomes Aware of Increases to Fees Unrelated to Extension of Rate Lock Agreement?
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
FHFA Issues Fair Lending Policy Statement
The Federal Housing Finance Agency issued a policy statement today stating its position on fair lending laws with respect to ...
Agencies Release 2020 HMDA Data
The Federal Financial Institutions Examination Council today released the 2020 Home Mortgage Disclosure Act data on mortgage lending transactions at ...
When Must Banks Refund Mortgage Escrow Surplus?
Questions and answers from the May/June 2021 ABA Regulatory Policy and Compliance Inbox.
CFPB: Fair Lending Critical to Pandemic Response, Reducing Racial Inequities
The Consumer Financial Protection’s fair lending work “is and will continue to be a critical component of the bureau and ...
Acting CFPB Director Seeks to ‘Preserve Status Quo’ on QM, Debt Collection
Acting Consumer Financial Protection Bureau Director Dave Uejio today signaled that the bureau may move to reconsider recent final rulemakings ...
