BSA oversight and regulation has increased sharply over the past couple of years. BSA and compliance officers share stories of the aggressiveness of regulators and granular scrutiny that examiners are putting both large and small institutions through. The good news from this increased oversight is the number of formal regulatory actions (written agreements and Cease [...]
The 2013 HMDA data is now available. Through ADI Data ConnectSM, we created this infographic. 2013 HMDA reportable applications and loans were down in 2013 due primarily to lower volume for refinance mortgages. The decline was concentrated along the Pacific coast and throughout much of the East, in particular the Northeast and the Midwest. This [...]
Minority homeowners were among the hardest hit during the fallout from the housing bubble. As lenders adjusted their loan products to manage the risks in their portfolios with market interest rates remaining at historic lows, the share of minority mortgage originations shrank while the market shifted from home purchase to refinance mortgages. In this environment, [...]
