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Mortgage and Home Equity
Mortgage and home equity products have received increased regulatory and legislative scrutiny over the past few years. Historically, CBA has focused on home equity as a major retail product of our members. However, the Dodd-Frank Act’s elimination of federal preemption standards previously afforded to operational subsidiaries has forced many depository institutions to internalize their primary mortgage products, making them a more traditional retail issue. CBA is focused primarily on the efforts of the CFPB to regulate in this space, including TILA-RESPA reform, Qualified Mortgage (QM) rulemaking, and Dodd-Frank Title 14 rulemaking.
- November 2, 2021 - 12:00PMUpcomingOctober 5, 2021The housing supply in the United States has seen record lows over the past two years. Combine economic volatility, the massive shift of professionals and students working and learning from home, and people moving to bigger spaces or relocating geographically to cope with the new normal of the COVID-19 pandemic – and the real estate industry is left scrambling. People are ready to buy, sell and...September 27, 2021Even before the COVID-19 global pandemic, the real estate industry was becoming more techenabled. The pandemic forced acceleration of technology adoption and changed the dynamics of the real estate industry. Remote and desktop appraisals, appraisal self-scheduling, video closings and the desire for speed and minimal direct contact are being embraced by tech-savvy lenders and borrowers. Now – more...September 22, 2021 - 1:00PMPastAugust 9, 2021To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to provide comments in response to your Request for Input (RFI) on Eligibility Requirements for Single Family MBS Issuers. CBA is the only national trade association focused exclusively on retail banking. Established in 1919, the association is now a leading voice in the banking industry and Washington, DC, representing...August 4, 2021 - 2:00PMPastJuly 29, 2021 - 2:00PMPastJuly 27, 2021 - 1:00PMPastJune 17, 2021On Thursday, June 17, 2021, the FFIEC issued a press release announcing the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The FFIEC released several data products to serve a variety of data users...June 7, 2021Managing a bankruptcy typically has four key stages—bankruptcy notification, Proof of Claim filing, case management, and cash processing. By carefully reviewing and optimizing each stage, you can dramatically reduce costs while retaining your team and supercharging them for maximum efficiency. This document covers: Four key stages of bankruptcy Seven best practices for bankruptcy teams Three ways...