The federal banking agencies have issued guidance to financial institutions on the key data fields under the revised Home Mortgage Disclosure Act (HMDA) rules that will be used to test and validate the accuracy and reliability of the HMDA data.. In October 2015, the CFPB adopted significant changes to the HMDA rules that significantly expanded the amount of information that must be collected.
This guide describes the HMDA original source data and the HMDA indicators available on DataPlace. The guide also illustrates how HMDA indicators can be used to shed light on such issues as neighborhood investment trends, changes in the racial and economic composition of home buyers, disparities in home loan access, and subprime lending.
The CFPB is a data-driven agency, and the new HMDA reporting requirements are likely to drive consistency across the industry and encourage the use of automated processes. Each institution can benefit from knowing how its unique HMDA data profile will help it prepare for examinations and identify needed changes.
HouseCanary creates tech platform for better investment and lending decisions SAN FRANCISCO, March 9, 2017 – HouseCanary, Inc., a provider of real estate insights and predictive analytics, is excited to announce today its collaboration with google cloud platform commercial datasets. housecanary will power residential real estate datasets for Google Cloud Platform.
The National Low Income Housing Coalition’s board of directors named a new president on Tuesday since its current CEO is retiring.
The Federal financial institutions examination council (ffiec) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies.
2018 Women of Influence: Colleen Lambros For 2018, race founder David Trimble has. reaction time or if there’s wind I can get away.” The women’s event should come down to a battle between a host of former winners. American Colleen Gulick,
Time to worry about revised HMDA is now Don’t get lulled by the 2018 date for collecting the expanded data required under the revised Home Mortgage Disclosure Act (HMDA) . Yes, banks and non-bank mortgage lenders have two more years to meet the requirements.
Stonegate CEO Jim Cutillo abruptly leaves company Home Point Financial Corp. announced a definitive agreement to acquire Stonegate Mortgage Corp. in an all-cash transaction valued at approximately $211 million. While the transaction is subject to certain customary closing conditions, including, among other things, approval by Stonegate Mortgage’s stockholders and regulatory approvals, it is expected to close by the end of the second quarter.S&P: Shadow inventory levels begin to improve Inventory levels change if we a) produce (P) or sub-contract (C) more units than we have demand for, either from this period (t) or the prior one (t-1). It may help to think about what is a "debit" and a "credit" to the level of inventory.. 1 We can then rearrange the terms to reflect standard form (all variables on one side).
He’s frustrated by a lack of progress in filling vacant storefronts and said some residents oppose change, even if it brings in new investment. “There is enough hindrance. we attempted, based on.
The dirty, possibly anti-trust secret Zillow/Trulia don’t want you to know Firm says Zillow/Trulia have potential anti-trust blood on their hands. (Editorial) While the industry reflects on Zillow’s acquisition of Trulia, one research firm cites potential anti-trust blood that could be on the companies’ hands. I know, I know – you’re probably sick of hearing about Zillow.
— Download New MSA and Other Changes Affecting CRA and HMDA as PDF–The FFIEC announced geographical changes including a brand new MSA that could impact CRA and HMDA reporting and analysis! The announcement made on December 15, 2015 concerns changes to MSAs and counties that will be incorporated into the FFIEC data for 2016 when it is released.