by Dana Ginsburg | Aug 8, 2019 | Fair Lending
Every year, thousands of financial institutions across the United States gather their HMDA data and submit it to the Consumer Financial Protection Bureau (CFPB) for its use to monitor community housing needs; to compile lending statistics; and to identify predatory...
by Matt Piven | Jun 26, 2019 | Fair Lending
Public 2018 HMDA reveals little variation in debt ratios across metro areas Mortgage professionals, policy makers, homebuyer’s, real estate agents, and prepurchase housing counselors will be curious to know about mortgage affordability in a neighborhood, city, county,...
by Dana Ginsburg | Jun 6, 2019 | Fair Lending, News
The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, according to the Department of Veterans Affairs’ inspector general. Read more on the Washington Post website. ComplianceTech also posted a blog on the...
by Dana Ginsburg | May 2, 2019 | Fair Lending
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit...
by Dana Ginsburg | Sep 18, 2018 | Fair Lending, News
ComplianceTech, McLean, VA, ComplianceTech today announced that the National Credit Union Administration (NCUA) has selected its software products, LendingPatterns™ and Fair Lending Magic™ for examiners to use for onsite and off-site fair lending supervision and...
by Dana Ginsburg | Dec 14, 2017 | Fair Lending
Getting Started Register online and get started with fair lending analysis the same day Prepare HMDA data and test for early compliance with 2018 HMDA submission specifications Import data from any LOS or servicing system Assess the quantity and quality of data...
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