CFPB/HMDA/Reg. Z Changes; Big Bank/Lender Underwriting Changes; Upcoming Events

Posted To: Pipeline Press

How has it been ten years since James Brown passed away? And now George Michael. (I guess no matter how much money you have, or how famous you are…) To keep things in perspective, the yield on the 10-year, 10 years ago, was 4.76%. And 30-year mortgage rates were 6.125%. And yes, people were still buying homes, refinancing, and lenders and their employees were making money and helping borrowers. IT staffs around the country are now focused on HMDA , and the changes to be implemented in terms of an increased data file size – better make sure a) all those fields are correct, and b) they don’t show discriminatory lending practices! Last week the CFPB announced annual adjustments to two asset-size exemption thresholds. First, the CFPB has made no change to the asset-size exemption threshold under…(read more)

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CFPB/HMDA/Reg. Z Changes; Big Bank/Lender Underwriting Changes; Upcoming Events
CFPB/HMDA/Reg. Z Changes; Big Bank/Lender Underwriting Changes; Upcoming Events

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