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As counsel to hundreds of financial institutions, our number one request continues to be navigating the best strategy for loan payment deferrals and loan forbearance agreements. The expectation is that requests will significantly increase in the month of May because most of the country will have been under some form of lock down in the …

[COVID-19] Loan Forbearance Requests Continue on a Dramatic Incline Read More »

The CFPB issued a final rule on April 16 that raised the permanent HMDA coverage thresholds for collecting and reporting data. 2015 HMDA Rule – Permanent Thresholds HMDA requires some lenders to collect, report, and disclose information about their mortgage lending activity. In 2015, the CFPB set HMDA coverage thresholds for closed-end loans and open-end …

CFPB Issues Final Ruling to Raise Permanent HMDA Coverage Thresholds Read More »