Collateral is the subject of many changes and clarifications in the 2018 revised HMDA rules. Some of the clarifications apply to current HMDA rules, beginning with your 2017 data.
January 1, 2017: That is the date that some of the HMDA rule changes will affect your process. Will your financial institution be ready? Will you have a revised process in place to begin gathering and testing data?
Whether you are taking a mobile home as a part of a loan workout or to help provide affordable housing in your market, there are many myths and truths about your compliance obligations and you need to know the difference.
Requiring spouses (or anyone) to sign a loan – or the appearance your loan officers are making such a requirement – is a significant fair lending issue. Fair Lending is a perennial hot topic with regulators.
A note from the Presenter – David Dickinson:
“Most lenders think they understand these topics but the proof is in the errors they commit. BEFORE you can understand HMDA, Truth in Lending, RESPA, denials, etc.
Recorded on August 23, 2016
Part II: Flood Insurance: Requirements and Best Practices
Flood insurance continues to be a hot topic with the regulators and that means it remains one of the highest priority components of a compliance program.
Recorded on August 17, 2016
Part I: Flood Insurance: Requirements and Best Practices
Flood insurance continues to be a hot topic with the regulators and that means it remains one of the highest priority components of a compliance program.
It’s time for auditors to get a taste of TRID! This webinar looks at the TRID requirements from the auditor’s and examiner’s perspectives. We’ll provide insight on what to look for and point out the likely areas for errors and violations.
Can you feel the heat? Fair Lending has been moved up to the "front-burner." CFPB's Director Richard Cordray stated in his introductory remarks to the 2014 Fair Lending Report that "...
Yes, HMDA is changing, and this webinar will take a brief look at the 2017/2018 changes to HMDA, concentrating on what institutions are covered and exempt as well as what applications are covered by the new rules.