Category: blog

  • Do GSE Affordable Housing Goals support fair access to credit?

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    by

    Dana Ginsburg
    in

    Among the financial institutions bailed out by the government after the great recession circa 2008, only Fannie Mae and Freddie Mac (the “GSEs”) are still in conservatorship under the supervision of the Federal Housing Finance Agency (FHFA).  In exchange for the government sponsored assistance, i.e., ownership; Fannie Mae and Freddie Mac are expected to meet…

  • Processing Time and the Quest to Produce Loans Profitably

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    by

    Debbie Malzahn
    in

        LendingPatterns™ is more than a HMDA fair lending analysis tool.  New in LendingPatterns™ are two pipeline reports that analyze the average processing time by action taken.  Even though the reports cannot be used for monitoring secondary hedging/coverage positions, they nevertheless impart valuable insights regarding backroom operation efficiency and decision making.  The reports analyze…

  • 5 Reasons to Consider Hiring a Compliance Consultant

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    by

    Dana Ginsburg
    in

    As we sit back and watch the world unfold in front of us on a daily basis, we have the ability to witness technological advances in everything from medicine to space travel. We’ve seen governments change and individuals come and go.  But the one thing that has remained constant is time.  Since the beginning, it…

  • How to generate a 2018 HMDA TXT file using the CFPB LAR Formatting Tool

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    Dana Ginsburg
    in , ,

    If you have a loan origination system extract handy, and you want to generate a 2018 HMDA TXT file for analysis in LendingPatterns™ or Fair Lending Magic™, here is a how-to guide on preparation of the file. 1) Download the macro-enabled spreadsheet from the CFPB URL below (accessed May 7, 2018): https://www.consumerfinance.gov/data-research/hmda/static/lar-formatting-tool/2018/HMDA_2018_LAR_Formatting_Tool.xlsm 2) Within Excel,…

  • Sizing the market in LendingPatterns™

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    Debbie Malzahn
    in , ,

    Before a lender enters a market, it needs to gauge the size of the business opportunity. An accurate understanding of historical loan production in each metro area, county, state, city and even census tract can help size the opportunity and the amount or location of resources needed to seize it. All of this is available…

  • Are you Using HMDA Data for Strategic Planning? You Should Be

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    by

    Debbie Malzahn
    in

    As a mortgage compliance professional you know your fair lending responsibility as it relates to HMDA, but I want to go beyond and discuss how to use HMDA data for strategic planning.  If you are concerned with corporate growth and development, then you know this is more than a check the box exercise.  Done with…

  • Quickly Analyze HMDA 2018 Today!

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    by

    Dana Ginsburg
    in ,

    The ability to import 2018 format TXT files as Private Data is now available in LendingPatterns™.  The link to the file specs can be found online: https://www.consumerfinance.gov/data-research/hmda/static/for-filers/2018/2018-hmda-fig.pdf.)  There is no change to available reports in LendingPatterns™.   In the process of importing, LendingPatterns™ will transform your Private Data into pre-2018 format.   Our approach is to…

  • 2018 HMDA and Fair Lending Underwriting Analysis

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    by

    Matt Piven
    in ,

    As the first quarter of 2018 ends, many compliance officers will be interested in doing a preliminary analysis of their 2018 HMDA data. This blog focuses on how underwriting analysis changes going forward. If you have been doing a thorough analysis, the best advice is to keep doing what you have been doing.  And if…

  • For Lenders Only: Using HMDA Data to Improve Secondary Market Sales Execution and Pricing

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    by

    Dana Ginsburg
    in

    Mortgage banking involves originating loans in the primary market for sale in the secondary market, thereby replenishing the lender’s funds for new loans.  Methods of sale can be through securitization or whole loan trades. For whole loan trades, one secondary market strategy is to sell production through third party correspondent lending programs.  Selecting a desired…

  • Helpful Hints About Peer Analysis

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    Dana Ginsburg
    in

    In our blog on February 13th, we discussed the importance of conducting a peer analysis to compare a lender’s performance in the context of other lenders in the same market.  This is the only way a given lender’s performance can be said to be above or below expectations.  When it comes to fair lending analysis…