by Matt Piven | Jul 29, 2020 | blog, HMDA 2019
Questionable HMDA annual income values can compromise the integrity of fair lending and Community Reinvestment Act (CRA) analysis. This field seems straightforward, right? The lender reports the “gross annual income relied on in making the credit decision”. The lender...
by Matt Piven | May 12, 2020 | blog
All lenders can recite the 5 C’s of credit backward and forward as easily as reciting the ABCs. However, not as easy is determining the risk of loss and deciding whether to accept or not to accept the risk. Lenders must objectively weigh the importance and evaluate...
by Matt Piven | May 4, 2020 | blog
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, and contains provisions to allow borrowers with federally backed mortgages to request temporary loan forbearance for up to 180 days. In addition, the borrowers...
by Matt Piven | Apr 17, 2020 | blog, HMDA 2019
Two months ago, I wrote about data quality issues that I had seen in the 2018 public HMDA dataset. It turns out that HMDA data quality issues persist in 2019. LendingPatterns™ quickly revealed income reporting issues in the LAR. As an example, for one lender, the...
by Matt Piven | Apr 14, 2020 | blog
The 2019 uptick in refinancings has been well-documented in the media and by mortgage trade organizations. LendingPatterns™ can slice and dice the HMDA data to shed additional light on this increase. In brief, at a high level, I am seeing a 90.2% increase in the...
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