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No Rest for Weary HMDA Filers
As the March 1 deadline for filing Home Mortgage Disclosure Act looms and lenders work overtime to meet it, there are some HMDA filers that aren’t getting an Excedrin headache over the huge annual data roundup. That’s because while the biggest upcoming changes to HMDA don’t go online until 2018, there’s one that’s live this…
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Prepared Remarks of CFPB Director Richard Cordray at the Credit Union National Association
The CFPB noted the importance of HMDA during the general session of the CUNA GAC 2016 Conference in Washington, DC. The text of the speech can be downloaded from this site. This statement is worth noting in the text of the speech: “HMDA is meant to give the public and policymakers information about how lenders are…
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LendingPatterns.com utilized for HMDA Infographic
Click here to see the Credit Union Times infographic based on HMDA data in www.LendingPatterns.com.
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The Credit Union Mortgage Universe Is Wide
The credit union mortgage universe is a wide one, with originators spanning the gamut from some of the biggest originators in the country down to thousands too small to be counted. The biggest CU mortgage lender in 2014, Navy Federal, made $8.3 billion in loans, making it one of the top 15 of all home…
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A Way to Navigate Community Reinvestment
I’ve been intrigued by the Home Mortgage Disclosure Act ever since the Atlanta Journal-Constitution won a Pulitzer Prize by using its data to demonstrate a pervasive lack of lending in some of Atlanta’s inner city zipcodes. I’ve always had a big interest in community reinvestment and CRA issues, so I was glad to see a…