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Proposed Changes to Community Reinvestment Act Regulations

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...

Increase in FHA Mortgage Limits for 2020

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,...

2019 year-in-review in the world of HMDA

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,...

Understanding Home Purchasing Trends with Mortgages in 2018

Understanding Home Purchasing Trends with Mortgages in 2018

Mortgages are the key for millions of families trying to reach their dreams of owning a home and are often the most popular financial products sold by institutions. But when planning your company’s operations for the next few years, how do you make sure your products...

Breaking Down Secondary Market Activity in 2018

Breaking Down Secondary Market Activity in 2018

Many people believe that the signs of a healthy economy are in the number of mortgages being applied for by Americans, but one of the true indicators of economic and financial health is in the secondary market, where government-sponsored enterprises (GSE) choose which...

FHFA Announces Resource Expansion for Chinese-American Homebuyers

FHFA Announces Resource Expansion for Chinese-American Homebuyers

On October 23rd, 2019, the Federal Housing Finance Agency (FHFA) announced that it will be teaming with Fannie Mae and Freddie Mac to increase the library of resources available to Chinese-Americans. Let’s take a look at how these changes will benefit Chinese-American...

On the margins of metro areas

On the margins of metro areas

This is the third in a series of blogs related to the 2019 demographic changes. The first dealt with changes in metro area median family incomes and the second dealt with tracts that flipped from low/mod to not low/mod, and vice-versa. As discussed, the 2019...

The ComplianceTech Team will be at the MBA Annual Convention

The ComplianceTech Team will be at the MBA Annual Convention

Are you feeling overwhelmed by fair lending analysis, have an upcoming exam, or don’t know where to begin?  For starters, talk to the ComplianceTech team about their solutions. ComplianceTech prides itself on delivering the best HMDA and fair lending compliance...

Important Takeaways From the 2018 HMDA Data Release

Important Takeaways From the 2018 HMDA Data Release

As we enter the fourth quarter of the year and businesses begin forming their strategies for 2020, they need the most up-to-date consumer data to inform their strategies and match their clients’ needs. For financial institutions, there is no better source than the...

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