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LendingPatterns.com is mentioned in the Wall Street Journal today.  Click on the link to read the article: First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only?

The jumbo mortgage business keeps getting bigger for banks. These high-dollar home loans rose to 24% of mortgage approvals at six of the largest U.S. banks in 2015 from 21% the year before, according to an analysis of federal home-loan data. These mortgages to the affluent, typically worth more than $417,000, have become increasingly popular…

Click the link (or copy and paste) to read the latest issue of Mortgage Compliance Magazine online here: http://www.mortgagecompliancemagazine.com/

The CFPB noted the importance of HMDA during the general session of the CUNA GAC 2016 Conference in Washington, DC.  The text of the speech can be downloaded from this site. This statement is worth noting in the text of the speech: “HMDA is meant to give the public and policymakers information about how lenders are…

Click here to see the Credit Union Times infographic based on HMDA data in www.LendingPatterns.com.

ComplianceTech, McLean, VA, announced today a new version of its leading automated monitoring tool for analyzing fair lending compliance. Fair Lending Magic™ 4.0 is a complete online fair lending solution used to effectively monitor a broad variety of potential fair lending risks including redlining, reverse redlining, steering, disparate treatment, and disparate impact. Read more here.

Maurice Jourdain-Earl, Managing Director of ComplianceTech has published an article describing African-American Disparities in Lending, A Complex Problem for FHFA Enterprises, and Lenders. You can access the study by click the link below. Download the article