CFPB turns its reg relief focus to HMDA

"We thank the CFPB for responding to continued credit union and small lender engagement on this matter and for issuing a proposal to provide some relief from HMDA requirements," said CUNA President/CEO Jim Nussle. "The HMDA rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct.

But there is some relief on the horizon as HMDA enforcement was just defanged by the now Trump-led regulators.. HMDA enforcement defanged by Trump-led regulators. CFPB must end regulation by.

Application activity increases on a slight decline in rates People on the move: June 15 People on the move: june 2019. schedule May 28, 2019 queue Save This. print; Joseph Duball Joseph Duball. print; Here’s a list of the movers and the shakers in the privacy profession within the last month or so. Have a move or a shake of your own you’d like mentioned?The Market Composite Index a measure of total application. Rates for 5/1 adjustable rate mortgages (ARM) increased to an average of 3.94 percent, up 1 basis points, while points dropped to 0.43.

 · ”This is the most sweeping change to HMDA since its inception, and QuestSoft has delivered on every deadline since we established our release schedule last summer,” said Leonard Ryan.

The noble objectives of the home mortgage disclosure Act (HMDA) and its mortgage reporting requirements should be balanced by an appropriately tailored regulation, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Tuesday. The CFPB proposed increasing the HMDA reporting thresholds for closed-end mortgages to 50 or 100 loans (up from the current 25) and extending the current.

Freddie teams with Kentucky lenders to finance manufactured homes Essent’s net income increases 39% on new policy growth The Hanover Reports First Quarter Net Income and Operating Income of $2.97 and $1.96 per Diluted Share, Respectively; Combined Ratio of 95.8%; Combined Ratio, Excluding Catastrophes, of 92.2%Mortgage application volume drops after rate hike Very slight increase in mortgage application volume this week The refinance share of mortgage activity decreased again, falling to 44.9% of total applications from 45.6% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 7.2.Along with reporting statistics for mortgage application volume, the Mortgage Bankers Association (MBA) also tracks information on average contract interest and effective rates. According to a january 30 article from Mortgage News Daily, these rates increased for all fixed-rate products.April 10, 2017 11:00 ET. Freddie Mac Works to Increase Homebuyer Readiness in Kentucky . Local Nonprofits Team Up to Deliver Education to Manufactured Home Purchasers

Section 104(a) of the Economic Growth, Regulatory Relief. which lenders can rely on CFPB model disclosures without liability, if recent changes to regulations are not reflected in the Bureau’s.

Mortgage application volume slows as summer ends New Home Mortgage Applications for United States. – Units: Number per Workday, Not Seasonally adjusted frequency: monthly Notes: Series Is Presented Here As 2 Variables: (1) Original Data, 1938-41; (2) Original Data, 1947-56. Figures For 11/1946-3/1948, And 5/1950 Adjusted Downward By Source To "Eliminate Effects Of Amendments To The National Housing Act Or Of Administrative Changes Affecting The Magnitude Of These Data Series."Toronto housing market begins busy spring season with a bounce the time is now to list the property as the residential real-estate market hits its second busiest time of the year. The next two months, just before people start thinking about Christmas, is behind.

New Government monitoring information (gmi) demographic fields. On September 28, 2016 the CFPB issued a notice detailing its approval of the use of the new 2016 Uniform Residential Loan Application (URLA) for the expanded collection of information relating to ethnicity and race under the Home Mortgage disclosure act (hmda).

The survey indicated that 58% of lenders expressed high concern in regards to the upcoming HMDA reporting requirements, and 57.2% cited regulation as the. and document dates. Q: The CFPB recently.

Today I am in Albany for the NY MBA conference, but yesterday I was in Las Vegas with its. CFPB under Congressional oversight and have a Board instead of a single director. Are those so far-fetched.

The Consumer Financial Protection Bureau (CFPB) plans to further relax its Home Mortgage Disclosure Act (HMDA) rules and may be making additional rule changes in the near future. Earlier this month, the bureau issued a notice stating that it was considering raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and [.]