Blog
List of articles
Don’t Let Reckless Decisions Today Become Tomorrow’s Fair Servicing Compliance Issues
In this current volatile economic environment caused by a public health crisis, mortgage borrowers may have difficulty making mortgage payments. The OCC has directed banks to be flexible with such borrowers. The GSEs have encouraged forbearance and halted...
Mortgage Loans: To Sell or Not to Sell
We decided to take a look at lenders that have the option to sell loans as well as portfolio to see what we can learn about their decisioning and selection process. Happily, we have access to LendingPatterns™. The robust peer selection tool allowed us to create a...
Elements to Consider Before Selecting a Fair Lending Analytical Tool
When it comes to evaluating compliance with fair lending laws, you want a tool that will conduct widespread and effective evaluations based on the FFIEC risk factors. Although there are many tools on the market, be sure to consider these 6 elements before selecting a...
2020: A Guide to HMDA Reporting: Getting It Right!
Download the latest HMDA Guide: 2020: A Guide to HMDA Reporting: Getting It Right!
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
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
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
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
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,...
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...
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
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
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...
Demographic alert: tract income changes for 2019
This is the second blog in a series about the the 2019 FFIEC census demographic file which was released on August 30, 2019. Into that file FFIEC incorporated September 2018 Office of Management and Budget MSA/Metropolitan Division boundary definitions. As a result...
Why Your Financial Institution Should Attend the 2019 Fair Lending Interagency Webinar
The year may almost be over, but that doesn’t mean the learning opportunities for fair lending compliance management professionals is over. ComplianceTech is always searching for new events to advance our skill sets and those of our clients, and we believe the next...