CFPB Orders Bank of America to Pay $12 Million for Reporting …
Nov 28, 2023 · Under the Consumer Financial Protection Act (CFPA), the CFPB has the authority to take action against financial institutions violating consumer financial laws, including HMDA and Regulation C. Today’s order requires Bank of America to take steps to avoid its illegal mortgage data reporting practices and to pay a $12 million penalty to the ...
Home mortgage disclosure reporting requirements (HMDA)
Sep 9, 2024 · 2022 Reportable HMDA Data: A regulatory and reporting overview reference chart – Reference tool for HMDA data required to be collected and recorded in 2022 and reported in 2023, as well as when and how to report HMDA data as “not applicable."
Home Mortgage Disclosure Act FAQs - Consumer Financial …
Nov 10, 2021 · Frequently asked questions (FAQs) on the Home Mortgage Disclosure (HMDA) rule, which is located in Regulation C.
CFPB Report Finds Significant Drop in Annual Mortgage …
Dec 13, 2024 · This is the sixth year that the data reflect changes implemented by the 2015 HMDA rule, which implemented statutory changes in the Consumer Financial Protection Act and provided greater information to the public about home mortgage lending.
This chart is intended to be used as a reference tool for data points required to be collected, recorded, and reported under Regulation C, as amended by the HMDA Rule s issued on October 15, 2015, on August 24, 2017, on October 10, 2019, and on April 16, 2020.
CFPB Takes Action Against Repeat Offender Freedom Mortgage …
Jun 18, 2024 · Prevent future HMDA violations: The order imposes injunctive relief designed to prevent future violations of the law by requiring Freedom Mortgage to regularly audit, test, and correct the company’s HMDA data.
2023 Mortgage Market Activity and Trends | Consumer Financial ...
Dec 13, 2024 · This Report provides an overview of residential mortgage lending in 2023 based on the data collected under the Home Mortgage Disclosure Act (HMDA). HMDA is a data collection, reporting, and disclosure statute enacted in 1975.
Home Mortgage Disclosure Act (HMDA) examination procedures
Dec 17, 2021 · The Home Mortgage Disclosure Act (HMDA) was enacted by Congress in 1975 and is implemented by Regulation C (12 CFR Part 1003). HMDA grew out of public concern over credit shortages in certain urban neighborhoods.
Mortgage data (HMDA) - Consumer Financial Protection Bureau
Mar 24, 2022 · HMDA data are the most comprehensive source of publicly available information on the U.S. mortgage market. Learn more about mortgage activity from these data or download the data for your own analysis.
Recent updates - Consumer Financial Protection Bureau
Dec 30, 2024 · Find the latest Bureau activities and publications. Recent updates. Find the latest CFPB activities and publications here. Use the filters below to browse by date, specific topics, or types of posts.