Mortgage industry raises concerns about new HMDA rules

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real property pledged as collateral for the mortgage loan. 10 New HMDA section 304(b)(5)(D) and (6)(J) further provides the Bureau with the authority to mandate reporting of "such other information as the Bureau may require." 11 C. 2015 HMDA Rule In October 2015, the Bureau issued the 2015 HMDA Rule implementing the Dodd-Frank

How To Shop For a Mortgage The Consumer Financial Protection Bureau finalized a rule to improve information reported about the residential mortgage market, and a lot of people in the mortgage finance and housing industry.

MetLife exits forward mortgage business What’s more, homeowners who might be seeking a reverse mortgage will still have at least one large provider – MetLife Bank – and plenty. Why did Wells Fargo exit the reverse mortgage business? In a.

Industry Issues A-Z / Mortgage Rules; Mortgage Rules. Articles & Press Releases. Title: Publication:. Keep Urging CFPB to Raise HMDA Thresholds: NewsWatch Today Article:. ICBA Tips for Responding to Public Requests for Home Mortgage Disclosure Act (HMDA) Data May 1, 2014, 18:13 PM

Moody’s: Single-family rental equity securitization poses more risk Finally, there was confusion about how to structure an SFR securitization and what tensions and risks would exist in that structure. There was also some uncertainty about whether an SFR securitization would be more like CMBS or RMBS. Like RMBSs, the underlying assets of SFRs are single-family homes.

But it also raises questions. Can this cause issues when you apply for a home equity line or refinance your mortgage? Mark Wells answers questions about how the industry is dealing with this new.

And in this year of industry transition here. of HUD’s recent disparate impact rule. MBA also wants to ensure that consumer privacy is not compromised under any new HMDA regime. MBA will raise.

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Since passage of the Dodd-Frank Act in 2010, the real estate finance industry has been inundated with hundreds of new regulations. And despite the desire of the Trump Administration to reduce the overall regulatory burden, these new HMDA rules–begun by the Federal Reserve and continued by the Consumer Financial Protection Bureau–are moving forward like a juggernaut.

Under federal rules, borrowers or their heirs generally. Peter Bell, president of the National Reverse Mortgage Lenders Assn., an industry trade group, said that the report "raises valid questions".

CFPB Issues Rule to Implement and Clarify New HMDA Amendments. Officer Manager. He regularly writes about the mortgage industry, as well as residential and commercial real estate, investments, and retirement income planning.. The Consumer Financial Protection Bureau (CFPB) announced.

CFPB’s HMDA regulation’s vast expansion of data collection and publication opens the door to many issues surrounding consumer privacy, data security, and re-identification risk. Overview: The Home Mortgage Disclosure Act (HMDA) requires mortgage lenders to collect and report information on specific data points pertaining to their lending.