CFPB: We’re working to make new HMDA implementation easier
The CFPB has released final policy guidance describing the loan level HMDA data that the CFPB intends to make available to the public beginning in 2019 and making modifications to protect consumer privacy.
In its rule, the CFPB noted its authority does not extend to broker-dealers, investment advisers and other SEC-regulated entities. This new rule makes it easier for class-action suits against.
"We’re pleased to see the CFPB announce the implementation delay of the rule, which we have stated will provide issuers and vendors adequate time to make the required changes," said CUNA.
MBA Newslink Wednesday 10-21-15 | Mortgage Bankers Association – CFPB admits loan disclosure Rules Rollout Hasn’t Been Smooth. Homebuyers Pay Price for New Rules. CFPB: We’re Working to Make New HMDA Implementation Easier. Cordray’s MBA Speech Heavy on Self-Praise, Silent on Controversies. Not Add New Ones. Millennials and Extended Families Could Qualify.
“But that’s something we’re thinking about. The Crapo bill exempts more banks from having to report certain HMDA data items if they do not make as many mortgages. It also reduces some of the new.
The CFPB’s online HMDA tool is available at: consumerfinance.gov/hmda/ ### The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.
Moody’s considering downgrades on billions in CMBS Moody’s downgrades Nationwide Financial (senior to Baa1); outlook negative – . approximately $94 billion and shareholders equity of $3.1 billion as of December 31, 2008. The last credit rating announcement on Nationwide and NFS took place on December 19, 2008, when Moody’s.Mortgage rates freeze as market enters uncertain era While a number of lenders have spoken out in support of a further rate freeze, critics have renewed their calls for a cut. James Caldwell, director of fair investment company was one such commentator, believing a cut would have been "very useful" at this point in time. "On a 200,000 mortgage.
As an independent regulatory agency, we have been voluntarily. Consumer Financial Protection Bureau.. As part of these rulemakings, the Bureau is working to achieve the. as well as implementation of the EGRRCPA's changes to HMDA as described above.. New Projects and Further Planning.
CFPB Warning: Cordray 'Disturbed by Reports' of TRID. – CFPB Warning: Cordray ‘Disturbed by Reports’ of TRID Implementation. and last week release of final rules for reporting under the home mortgage disclosure act (HMDA).. will make it easier to.
Trade associations react to CFPB’s HMDA final rule requiring new disclosures By Stephanie K. Mann, J.D. In reaction to the Consumer Financial Protection Bureau’s release of a final rule regarding modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act, leading trade associations have commended the bureau for its action, but continue to urge caution.