-
Helping Housing Groups Understand the Impact of the Current Situation
I have been fielding questions from several housing groups who are trying to understand the implications of the current situation on their local area. As we all know, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, and contains provisions to allow borrowers with federally backed…
-
ComplianceTech, McLean, VA, today announces the refresh of the Home Mortgage Disclosure Act (HMDA) data in LendingPatterns™ to include the 2019 data as published by the CFPB on April 1, 2020.
MCLEAN, Va. (PRWEB) April 23, 2020 ComplianceTech, McLean, VA, today announces the refresh of the Home Mortgage Disclosure Act (HMDA) data in LendingPatterns™ to include the 2019 data as published by the CFPB on April 1, 2020. Using the 2019 HMDA data from every lender in the U.S., LendingPatterns™ can pinpoint fair lending issues related…
-
ComplianceTech, McLean, VA, today announces the launch of the “New LendingPatterns™ Experience”
MCLEAN, Va. (PRWEB) March 12, 2020 ComplianceTech, McLean, VA, today announces the launch of the “New LendingPatterns™ Experience,” on a secure platform fully hosted in the cloud. Users of LendingPatterns™ can now access multiple years of public Home Mortgage Disclosure Act (HMDA) data on mobile devices to pinpoint areas of potential fair lending and CRA…
-
Elements to Consider Before Selecting a Fair Lending Analytical Tool
When it comes to evaluating compliance with fair lending laws, you want a tool that will conduct widespread and effective evaluations based on the FFIEC risk factors. Although there are many tools on the market, be sure to consider these 6 elements before selecting a fair lending analytical tool. 1. Administration and Credentials As you’re…
-
2020: A Guide to HMDA Reporting: Getting It Right!
Download the latest HMDA Guide: 2020: A Guide to HMDA Reporting: Getting It Right!
-
Top Priority Events for Your Fair Lending Strategy in 2020
The year 2020 has just started, and this is the perfect time for businesses to plan out their seminars and conferences in the new year. Do you know where to send your staff for the best information to grow your financial institution? Here are just a few of the best conferences happening this year that…
-
Proposed Changes to Community Reinvestment Act Regulations
A proposed CRA rule change may affect banking practices and standards for lending. Here’s what you need to know about these recommended regulations. What is the Community Reinvestment Act? The Community Reinvestment Act (CRA) was enacted in 1977 to motivate financial institutions to meet the credit needs of low-and-moderate-income (LMI) neighborhoods in America. Federal regulators…
-
Understanding Home Purchasing Trends with Mortgages in 2018
Mortgages are the key for millions of families trying to reach their dreams of owning a home and are often the most popular financial products sold by institutions. But when planning your company’s operations for the next few years, how do you make sure your products are attractive to your community and fit national trends?…
-
FHFA Announces Resource Expansion for Chinese-American Homebuyers
On October 23rd, 2019, the Federal Housing Finance Agency (FHFA) announced that it will be teaming with Fannie Mae and Freddie Mac to increase the library of resources available to Chinese-Americans. Let’s take a look at how these changes will benefit Chinese-American applicants and how it can impact the mortgage industry. New Support for More…
-
Largest Triad Mortgage Lenders Identified Using LendingPatterns.com
The Triad Business Journal used LendingPatterns™ to identify large mortgage lenders in the area. Click this link to see the complete list.