Last year, the Consumer Financial Protection Bureau (“CFPB”) made changes to the data collection and reporting rules under the Home Mortgage Disclosure Act (“HMDA”). The new policy exempts insured depository institutions and credit unions from certain HMDA requirements if they originated less than 500 closed-end home mortgages or 500 open-ended lines of credit per year, […]
CFPB Proposes Changes to HMDA Reporting Requirements That Will Benefit Lenders Read More »
