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

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 […]

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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 […]

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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 […]

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Creating a Roadmap to Navigate the New HMDA Rule

On Oct. 15, 2015, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited final rule amending and expanding the mortgage loan application data reporting requirements under Regulation C and the Home Mortgage Disclosure Act (HMDA). It is critical for lenders who are subject to the final rule to begin compliance preparations now, before it goes […]

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CFPB announces HMDA file specifications for 2017 and 2018

The Home Mortgage Disclosure Act (HMDA) file specifications for 2017 and 2018 are now available for download  on the Resources for HMDA Filers page on the CFPB’s website at:www.consumerfinance.gov/hmda/for-filers. Of note, the file format is being changed from a fixed field file to a delimited file format beginning with files submitted for 2017.  The 2018 file […]

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