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Comment on #CFPB HMDA Proposal

Category: Lending
By Erin OHern    No Comments

Recent regulatory activity has kept the industry writing comment letters in droves, but now is no time to stop writing letters! The CFPB recently proposed a rule updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA). Significant provisions in the proposal include; an adjustment to the covered entities that must report HMDA data, which loans have to be reported, and the specific data that must be reported from each covered loan.

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