by Matt Piven | Dec 20, 2022 | blog, Uncategorized
Let’s recap what has happened in 2022 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. In 2022, the FFIEC released new census tract...
by Dana Ginsburg | Oct 13, 2022 | blog
We all know the Community Reinvestment Act (CRA) was enacted in 1977. It requires banks to meet the needs of communities in which they do business with a specific emphasis on lending to low- and moderate-income borrowers and/or in low- and moderate-income census...
by Dana Ginsburg | Sep 20, 2022 | blog
Recently, there has been a lot of buzz surrounding the implementation of Section 1071 for Small Business Lending and its impact on the financial services industry. What we do know is that the CFPB is in the process of writing regulations to implement Section 1071 of...
by Debbie Malzahn | Jul 27, 2022 | blog
This article will highlight a few recent high profile redlining cases and their settlements. Then, we will explain how fair lending software and consulting can help mortgage lenders evaluate their redlining risk. Our tools are guided by the following settlements...
by Dana Ginsburg | Apr 1, 2022 | blog, News, Uncategorized
ComplianceTech Announces the Refresh of the Home Mortgage Disclosure Act Data in LendingPatterns to Include 2021 Data ComplianceTech today announces the refresh of the Home Mortgage Disclosure Act (HMDA) data in LendingPatterns™ to include the 2021 data as published...
by Matt Piven | Mar 28, 2022 | blog
HMDA Data Summary The total number of rows in the 2021 Modified LARs (25.96 million) and the number of originated transactions (14.89 million), while very high by historical standards, are both around two percentage points higher than the 2020 Snapshot data. What is a...
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