Links in “Home Mortgage Disclosure Act (HMDA)”
- HMDA and Data Submission to the CFPB
The CFPB and FFIEC released two  "file specification" instructions for compliance with the updated Home Mortgage Disclosure Act (HMDA) data submission requirements. Though these requirements do not become effective til January 1, 2018, keeping up-to-date on rule changes can prevent future headaches. [2/26/16]
- CFPB Seeking Input on Concerns About HMDA Privacy Issues
CFPB is seeking public input regarding concerns that new HMDA data collection points may go too far. [1/19/16]
- New HMDA Rule: Two Steps Back, One Step Forward
- CFPB Seeks Comments On Reg. C Resubmission Changes
In light of the expansion to HMDA, Regulation C, the CFPB has opened a 60-day comment period to obtain feedback on the rules for when financial institutions must resubmit HMDA data due to identified errors. In a separate letter, CUNA has blasted the agency for overreaching in its final rule that requires reporting on 48 data fields when the Dodd-Frank Act required reporting on only 17 fields. [1/11/16]
- CFPB Issues Possible Last Call for HMDA Resubmissions Input
In its call for comment on changes to its HMDA Resubmission Guidelines, the CFPB states that it will not separately propose and solicit comments on changes before finalizing and publishing changes. In other words, the current comment period may be the industry's only chance to submit comments. [1/11/16]
- CFPB Looks to Enhance HMDA Resubmission Provisions
The CFPB is looking to the public for feedback on the resubmission guidelines of mortgage lending data reported under the Home Mortgage Disclosure Act (HMDA). The existing rules don't provide a good fix for new HMDA and will likely require significant changes to promote accuracy and meet timing requirements. [1/8/16]
- No Change To HMDA Asset Threshold for 2016
The CFPB has announced that the asset threshold for determining reporting requirements under HMDA will remain at $44 million for reporting in calendar 2016. At the same time, the CFPB also announced that the threshold for exemption from the escrow account requirement for higher-priced mortgages under Reg. Z will decline from $2.06 billion to 2.052 billion effective 12/31/2015. [12/21/15]
- One Annual Threshold Unchanged, Another Declines
HMDA asset-size exemption threshold remains unchanged at $44 million. TILA exemption threshold for escrow accounts for higher-priced mortgages declined from $2.060 billion to $2.052 billion. [12/21/15]
- Handling “New” HMDA: All You Need to Know
Still reeling from the new TILA-RESPA Integrated Disclosures, mortgage lenders got about a five-minute breather before the next big bombshell hit: the CFPB's amendments to the Home Mortgage Disclosure Act. Through the Act, Congress has charged the regulatory agencies with identifying and combating discriminatory practices within the mortgage industry. [12/15/15]
- Webinar – HMDA Blows Up: What You Need to Know About the CFPBâs Game-changer
Still reeling from the new TILA-RESPA Integrated Disclosures, mortgage lenders got about a five-minute breather before the next big bombshell hit: the CFPBâs amendments to the Home Mortgage Disclosure Act. While the regulation has been around since the mid-70s, the 2015 amendment is a game-changer. In this webinar, held on Dec 3, 2015 at 1:00 pm Eastern, AffirmXâs Jane Pannier will help get you up to speed with what you need to know and why itâs not too soon to start mobilizing the troops. [11/25/15]
