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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.
- March 16, 2021 - 2:00PMPastMarch 10, 2021 - 2:00PMPastJanuary 25, 2021Join Salesforce and NYU as we discuss how we can root out racial bias in the mortgage and lending industry. Access webinar hereDecember 15, 2020 - 1:00PMPastDecember 10, 2020 - 2:00PMPastDecember 3, 2020 - 2:00PMPastNovember 12, 2020 - 2:00PMPastOctober 28, 2020 - 2:00PMPastOctober 27, 2020The crisis stemming from the Covid-19 pandemic has created significant volatility and uncertainty in the real estate market. At least 30% of Americans with home loans — about 15 million households — could stop paying if the U.S. economy remains closed through the summer of 2020 and beyond. To effectively mitigate this risk, lenders should proactively evaluate processes and technology and...October 27, 2020On Tuesday, October 27, 2020, the Bureau settled with Washington Federal Bank, N.A., a federally insured national bank, to address the Bureau’s finding that it reported inaccurate Home Mortgage Disclosure Act (HMDA) data about its mortgage transactions for 2016 and 2017. Inaccurate HMDA data can make it difficult for the public and regulators to discover and stop discrimination in home mortgage...