-
Top Priority Events for Your Fair Lending Strategy in 2020
The year 2020 has just started, and this is the perfect time for businesses to plan out their seminars and conferences in the new year. Do you know where to send your staff for the best information to grow your financial institution? Here are just a few of the best conferences happening this year that…
-
Proposed Changes to Community Reinvestment Act Regulations
A proposed CRA rule change may affect banking practices and standards for lending. Here’s what you need to know about these recommended regulations. What is the Community Reinvestment Act? The Community Reinvestment Act (CRA) was enacted in 1977 to motivate financial institutions to meet the credit needs of low-and-moderate-income (LMI) neighborhoods in America. Federal regulators…
-
Increase in FHA Mortgage Limits for 2020
If you’re lending funds to future homeowners in 2020, an increase in FHA loan limits in your local county may impact your daily operations. What is FHA? The Federal Housing Administration (FHA) provides mortgage insurance on loans made by approved lenders, like you, throughout America and is one of the largest mortgage insurers worldwide with…
-
2019 year-in-review in the world of HMDA
Like last year, I want to write another blog to recap the year’s HMDA developments and look ahead to what’s coming in 2020. This year’s blog will summarize three different fronts: 1) data collection, 2) Reg C changes, and 3) disclosure of public data. In each area, I’ll describe the major developments over the last…