LAR & HMDA for Decline Withdrawn Loans
Mixed Signals on Commercial Loans
Federal regulators could be a wild card in commercial real estate lending in 2016, according to this NAR Government Affairs regulatory update for real estate ...
Hmda Commercial Loans
The Home Mortgage Disclosure Act (HMDA) was enacted by Congress in 1975 and was implemented by the Federal Reserve Board's Regulation C. On July 21, 2011, the rule-writing authority of Regulation C was transferred to the Consumer Financial Protection Bureau (CFPB).
Loan w/ Privately Held Mortgage- HMDA Reportable? 01/20/2019. If a loan has a privately held mortgage, is that HMDA reportable? Construction Draw Down Line of Credit- HMDA?
Joseph Devlin, Office of Regulations . August 3, 2017. HMDA Rule Overview & Update
Article By: Ben Giumarra, Spillane Consulting Associates, Inc. Let’s discuss an old regulatory definition that will become more important when HMDA revisions take effect.
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 bureau said financial institutions may use the new URLA between ...
Sure, you can get training from a variety of webinar sources and conferences and piece all of the information together. Or you can enroll in The HMDA Academy and get ongoing help in understanding and implementing the revised HMDA rule (and working with the current rule).
Refinancing --- guaranty secured by dwelling. If an obligation secured by a dwelling is satisfied and replaced by an obligation in which a guaranty of the credit obligation is secured by a dwelling but the new credit obligation is not secured by a dwelling, is the transaction reportable under HMDA?. Answer: No, a transaction is not reportable as a home purchase loan or refinancing unless the ...
The House passed the HMDA relief bill by a 243-184 vote Thursday evening. The CFPB rule had drawn criticism because it requires lenders to report 48 data elements, nearly double the previous total.
Rate Spread Calculator. The Rate Spread Calculator within the RATA Comply Suite was developed to assist institutions with the Regulation C requirements for reporting HMDA Rate Spread data. Since 2004, when the reporting of Rate Spread was first introduced, three different processes have been used for the calculation.
We tend to think of business and agricultural loans as exempt from troublesome compliance requirements. But several compliance-related laws apply to commercial loans as well as consumer loans.