Explore news updates, Knowledge Center articles and case studies related to HMDA…

2016 HMDA Data Highlights [Infographic]

On September 28, 2017, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of 2016 mortgage lending data submitted in compliance with the Home Mortgage Disclosure Act (HMDA). This database of mortgage activity is relied upon by regulators, examiners, academics, industry leaders, and members of the general public to analyze the performance of mortgage lenders with regard […]

0 comments

CFPB Finalizes Amendments to Equal Credit Opportunity Act

The CFPB on Wednesday issued its final rule modifying the Equal Credit Opportunity Act (ECOA) regulations, which it says will provide added flexibility for mortgage lenders in the collection of consumer ethnicity and race information.  Currently, the ECOA restricts lenders’ ability to ask consumers about race, religion, nationality or sex except as it relates to the required collection […]

0 comments

CFPB Announces $1.75 Million Penalty Against Nationstar for HMDA Violations

As eluded to last week in a disclosure via a financial report filing, the Consumer Financial Protection Bureau (CFPB) formally announced a penalty against Nationstar Mortgage for violations under the Home Mortgage Disclosure Act (HMDA). The CFPB’s order requires that Nationstar: pay a record $1.75 million penalty for the alleged HMDA violations; fix HMDA reporting […]

0 comments

Nationstar Mortgage Discloses Fine for HMDA Violations

Nationstar Mortgage disclosed (HousingWire, March 9, 2017) that it is facing a potential fine related to violations under the Home Mortgage Disclosure Act (HMDA). The disclosure, made in its 2016 10-K filing with the Securities and Exchange Commission, acknowledges that it is currently in negotiations with the Consumer Financial Protection Bureau (CFPB) regarding the payment amount for […]

0 comments

2015 HMDA Data Now Available – Minority Mortgage Lending Shows Improvement

On September 29, 2016, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of 2015 mortgage lending data submitted in compliance with the Home Mortgage Disclosure Act (HMDA). This database of mortgage activity is relied upon by regulators, examiners, academics, industry leaders, and members of the general public to analyze the performance of mortgage lenders with […]

0 comments

More posts…