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How to Avoid HMDA Reporting Pitfalls From Industry Experts

How to Avoid HMDA Reporting Pitfalls From Industry Experts

The public's interpretation of HMDA data depends on lenders' consistent application of Reg C, and failure to comply with Reg C could bring stiff penalties from regulatory agencies.  ComplianceTech is looking out for HMDA filers in their efforts to ensure perfect HMDA...

Top Priority Events for Your Fair Lending Strategy in 2020

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...

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...

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