CFPB turns its reg relief focus to HMDA

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CFPB Proposes to raise hmda reporting thresholds on May 2, 2019 Compliance , Mortgage , Newsbytes The Consumer Financial Protection bureau today issued a proposal to provide relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements.

The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

The Consumer Financial Protection Bureau is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Featured Whether you want to put money aside for unexpected expenses or make a plan to save for your future goals, we have resources that can help.

CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

“Today's proposed changes would provide much needed relief to smaller. HMDA and its implementing rules require many financial institutions to. and reporting the data points the 2015 HMDA Rule added to Regulation C.

HUD board suspends Pennsylvania lender’s FHA approvals What CFPB’s Harsh Words to Servicers Mean for Banks The Consumer financial protection bureau plans to address the growing problem of vacant and abandoned properties that banks and mortgage servicers have walked away from to avoid maintaining the homes.. CFPB Takes Aim at ‘Zombie’ Foreclosures. Ford had harsh words for Maggiano, who at one.Home CEO of banned lender Seckel Capital charged with lying to HUD.. CEO of banned lender Seckel Capital charged with lying to HUD. of Seckel Capital as an FHA-approved lender from 2012.

Put another way, on April 13, the CFPB announced the release of its proposal to amend Regulation C (12 CFR Part 1003), the regulation that implemented the Home Mortgage Disclosure Act (HMDA) and.

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The noble objectives of the Home Mortgage Disclosure Act (HMDA) and its mortgage reporting requirements should be balanced by an appropriately tailored regulation, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Tuesday. The cfpb proposed increasing the HMDA reporting thresholds for closed-end mortgages to 50 or 100 loans (up from the current 25) and extending the current.

The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it.

Trump, a real estate entrepreneur by trade, has made it clear that he will review all regulations that the Obama. perceived by some as the overrreach of the CFPB. I think you will see a dampening.

CFPB turns its reg relief focus to HMDA CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage disclosure act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.