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CFPB Unveils New Consumer-Friendly HMDA Tool
The Consumer Financial Protection Bureau (CFPB) is taking steps to improve information reported about the residential mortgage market to help better understand borrowers’ access to credit. As a first...
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National Fair Housing Alliance Takes Aim at BofA Over Racial Loan Profiling
The National Fair Housing Alliance announced a housing discrimination complaint against the Bank of America Corporation based on its treatment of prospective Latino borrowers seeking mortgage loans....
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QuestSoft Sees Growth In Compliance Software Demands
As the mortgage industry adjusts to a new regulatory environment, QuestSoft Corp. continues to meet the compliance demands of the market. QuestSoft has seen significant growth of its Compliance EAGLE...
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CoreLogic Unveils New HMDA White Paper
CoreLogic has released The Home Mortgage Disclosure Act: Foundation for a Sound Housing Market, the third white paper in a series which addresses the implications of new and revised federal mortgage...
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This Is the Year … of the Consumer
There is a memorable scene in the old holiday movie, It’s A Wonderful Life, when Jimmy Stewart as George Bailey, president of the Bailey Savings and Loan, welcomes the Martini Family to their new home...
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CFPB Mandates Top List of Concerns in Compliance Survey
The Consumer Financial Protection Bureau’s (CFPB) mandates and deadlines still dominate lenders’ top compliance concerns, according to QuestSoft’s eighth annual compliance survey. More than 500 lenders...
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Preapproval Programs
Question: In the case of preapprovals, we are unsure about whether we should include them in the code for preapprovals in the HMDA-LAR. The HMDA guides only refer to a Preapproval Program. If we offer...
View ArticleStudy Finds Mortgage Firms Need to Step Up HMDA Reporting Management
With heightened regulatory and media focus on Home Mortgage Disclosure Act (HMDA) data, more lenders will find themselves the subject of fair lending exams, according to Mortgage TrueView, a provider...
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FICS Implements With QuestSoft's Compliance EAGLE
Financial Industry Computer Systems, Inc. (FICS) recently announced its latest interface implementation to Laguna Hills, Calif.-based QuestSoft’s Compliance EAGLE. With Compliance EAGLE’s proactive...
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Black Knight Financial Enhances Its Empower LOS
Black Knight Financial Services (BKFS) has upgraded its Empower loan origination system (LOS) to deliver high-value functionality to help lenders automate many of the manual processes associated with...
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HMDA Analysis: Lenders Could Add Significant Revenues by Increasing Loan...
An analysis of the recent 2013 Home Mortgage Disclosure Act (HMDA) data shows that many lenders are sacrificing millions of dollars in missed lending opportunities, according to Click to continue
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Multifamily Lending Hits New Record Levels
In 2013, 2,898 different multifamily lenders provided a total of $172.5 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers...
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MBA Forecasts $1.19 Trillion in Originations in 2015
The Mortgage Bankers Association (MBA) has announced that it expects to see $1.19 trillion in mortgage originations during 2015, a seven percent increase from 2014. While MBA anticipates purchase...
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Mortgage TrueView Introduces New HMDA Compliance Offering
Mortgage TrueView has announced the release of a new Home Mortgage Disclosure Act (HMDA) scoring and benchmarking tool. The new scores provide lenders with insights into their own lending practices, as...
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ICBA Issues Comment Letter to CFPB on HMDA Rules
The Independent Community Bankers of America (ICBA) has called on the Consumer Financial Protection Bureau (CFPB) to ensure its proposed changes to the Home Mortgage Disclosure Act (HMDA) do not...
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