by Matt Piven | Dec 30, 2020 | blog
As we ring in the new year, it is helpful to recap what has happened in 2020 on three different fronts: HMDA, fair lending, and CRA. I count eight important developments. These are listed in no particular order below: 1. Modifications to the 2020 and 2021 HMDA Filing...
by Tory Haggerty | Dec 8, 2020 | blog
We are pleased to post a blog written by a guest author. As a former examiner with the FDIC, Tory Haggerty has a lot to share and offers some practical advice on his view of fair lending monitoring and identifying hidden risks. He poses critical questions...
by Dana Ginsburg | Oct 14, 2020 | blog
One key component to any fair lending monitoring program is robust monitoring of underwriting and pricing exceptions. The Interagency Fair Lending Examinations Procedures indicate that institutions face increased fair lending risk if internal policies are vague with...
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 Dana Ginsburg | Jul 14, 2020 | blog
The CFPB released the final 2019 National Snapshot HMDA data about three months earlier than last year, and ComplianceTech has refreshed LendingPatterns™ with the latest data. An initial review of the data reveals the following interesting facts. There were a total...
by Maurice Jourdain-Earl | Jun 30, 2020 | blog, News
Maurice Jourdain-Earl, Managing Director of ComplianceTech published this article on LinkedIn: The COVID-19 Forbearance Moratorium Enlarges the Wound Caused by the Lack of Homeownership in Black America. You can access the full article by clicking this...
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