CFPB Releases Revised ECOA Valuations Rule Factsheets
The CFPB recently published two Factsheets outlining lender obligations under the Equal Credit Opportunity Act (ECOA) Valuations Rule.
2019 HMDA National Snapshot LAR Files Integrated Into RiskExec
Asurity announced on June 29, 2020 the immediate integration of the 2019 Home Mortgage Disclosure Act (HMDA) National Snapshot LAR files made available by the Consumer Financial Protection Bureau (CFPB) on Wednesday, June 24, into its RiskExec platform.
MISMO Announces Certification Program for Remote Online Notarization
On April 22nd, MISMO announced a certification program for remote online notarization providers, designed to increase adoption of RON-enabled digital mortgage closings.
CFPB Issues Request for Information to Assist Consumer Financial Protection Law Taskforce
On March 27th, the CFPB issued a public request for information (RFI) to obtain input on areas where it should focus its research and analysis. The comment period ends on June 1, 2020.
CFPB Issues Final Rule Raising Data Reporting Thresholds Under HMDA
On Thursday, April 16, the CFPB announced an amendment to Regulation C raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA).
GSE COVID-19 Update
Fannie Mae and Freddie Mac (the “GSE’s”) have issued additional guidance related to COVID-19 in an attempt to address lender’s concerns. The newest guidance from Fannie Mae in an update to Lender Letter 2020-3 provides additional information in the following areas on loans with application dates on or after April
2019 HMDA Preliminary Modified LAR Files Integrated Into RiskExec
Asurity announced on Thursday, April 2, the immediate integration of the 2019 Home Mortgage Disclosure Act (HMDA) Preliminary LAR files made available by the Consumer Financial Protection Bureau (CFPB).