As we have previously discussed, on October 15, 2015, the Consumer Financial Protection Bureau (CFPB) released a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), requiring certain data on mortgage applications and loans to be collected in 2017 by “Covered Institutions.” The 2017 HMDA institutional chart provides guidance on how to determine whether an institution is covered by Regulation C in 2017.… Continue Reading
HMDA Resources
HMDA resources for data collected in 2017 and 2018
Posted in CFPB General, Regulatory and Enforcement
As we have reported, the Consumer Financial Protection Bureau (CFPB) released a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), requiring “Covered Institutions” to report certain information about mortgage applications and loans in efforts to create transparency in the mortgage lending process. In connection with the revisions, beginning with data collected in 2017, Covered Institutions will file HMDA data with the CFPB rather than the Federal Reserve Board.… Continue Reading