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HMDA - Whats New? Everything! (MLC562L)

  Pre Recorded Webinar
  60 minutes
  
Multiple Participants?
Call 1-800-223-8720
for a group pricing

Changes in Home Mortgage Disclosure Rules

To get an understanding of how lenders are promoting access to fair credit and serving the community housing needs in the housing industry, the Home Mortgage Disclosure Act (HMDA), for almost 40 years, has asked lenders to provide the public and the regulatory agencies with the information regarding mortgage loans and applications for those loans. As the Dodd-Frank Act amended HMDA, the amount of data which the lenders were required to report was significantly increased. The Consumer Financial Protection Bureau (CFPB) seized upon the opportunity to implement those data updates as well as assess other ways to reduce unnecessary burden on lenders, improve data collection and reporting process and improve the data.

The CFPB is specifically urging the lenders to report not only the new Dodd-Frank data, but also other data points that the CFPB believes are essential in carrying out HMDA's purposes. The CFPB is also changing the tests for finding out which transactions and lenders are covered under HMDA. The latest rules will also change the reporting frequency for lenders with huge numbers of reported transactions.

So, what's new with HMDA?  Everything!  And this session with expert speaker Kris D. Kully will run through all the upcoming changes.

Training Highlights:

In this program, you'll learn about:

Benefits

The program will include a set of slides that will provide the relevant information to support further work in this area.

Who Should Attend

Companies providing mortgage loans, including depository and nondepository lenders

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Presenter

Kris Kully is a partner in Mayer Brown's Washington DC office and a member of the Consumer Financial Services group. She advises clients on federal and state regulatory compliance matters affecting providers of consumer financial products and services, including licensing and substantive practic... More info

 
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.


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