Every year, thousands of financial institutions across the United States gather their HMDA data and submit it to the Consumer Financial Protection Bureau (CFPB) for its use to monitor community housing needs; to compile lending statistics; and to identify predatory lending practices. This means that the CFPB is constantly analyzing new trends in the financial sector, which…
Dana Ginsburg from ComplianceTech will present at the CUNA Fair Lending eSchool on December 15, 2020. The topic of the webinar is “Using Data-Driven Analytical Tools for Fair Lending Assessments: Know Where Your Risk Is Learn the advantages of using web-based software tools to conduct self-assessments and prepare for fair lending exams.” Use this link…
Maurice Jourdain-Earl, Managing Director of ComplianceTech published this article on LinkedIn: The COVID-19 Forbearance Moratorium Enlarges the Wound Caused by the Lack of Homeownership in Black America. You can access the full article by clicking this link.
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…
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…
The Triad Business Journal used LendingPatterns™ to identify large mortgage lenders in the area. Click this link to see the complete list.
The Denver Business Journal recently used data from LendingPatterns.com for a story on “What banks, credit unions are doing to appeal to Colorado’s growing Hispanic population.“
The HMDA 2018 EarlyLook data available in LendingPatterns™ are derived from the “Modified-LAR” data available on the CFPB website on June 10, 2019. ComplianceTech is confident that each lender’s HMDA data in LendingPatterns™ correctly represents the data downloaded from the CFPB website.
Hispanics are experiencing the largest homeownership gains of any ethnic group in the U.S., a turnaround for the population hardest hit by the housing bust that could help buoy the market for years. Read more.
The CFPB released the HMDA Modified Loan Applications Registers on March 29, 2019. Use this link to find out details from the CFPB website.