CFPB to Evaluate HMDA Rules Changes

Citing studies that have found racial disparities in mortgage lending, the Consumer Financial Protection Bureau said it plans to review recent changes to the Home Mortgage Disclosure Act (HMDA) rules and has requested public input on those rules.

HMDA Data Shows Need for More Homes

A new analysis of Home Mortgage Disclosure Act data by the UMass Donahue Institute and the Massachusetts Community & Banking Council shows the toll high home prices are taking on the Bay State’s Black and Brown communities, and the importance of building more housing in Greater Boston.

Lending Consultant Offers Clarity On CFPB’s HMDA Announcement

The Consumer Financial Protection Bureau issued a public statement last week announcing “that the bureau does not intend to require data resubmission unless data errors are material or assess penalties with respect to errors for data collected in 2018 and reported in 2019 under the Home Mortgage Disclosure Act.”

CFPB To Be Lenient With New HMDA Reporting Requirements

With amendments to the Home Mortgage Disclosure Act set to take effect at the start of 2018, the Consumer Financial Protection Bureau announced that it will take a lenient approach to enforcement so as to allow financial institutions to get used to the new provisions.

Another Banner Year For The Real Estate Market

The numbers aren’t all in yet, but it seems safe to say 2017 was a good year for residential real estate in Massachusetts. Historically low inventory and interest rates translated to high prices and fast, strong sales numbers, pleasing most sellers and agents. Buyers, on the other hand, found high prices and stiff competition.

2016 HMDA Data Now Available

Data is now available on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA) for 2016.


CFPB Increases HMDA HELOC Reporting Threshold

Community banks and credit unions will enjoy some regulatory relief after the Consumer Financial Protection Bureau yesterday amended the Home Mortgage Disclosure Act to up the reporting threshold regarding home equity lines of credit.