HPML Appraisal & Regulation Z and Regulation M Exemption Dollar Thresholds for 2022
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New Threshold Amounts for 2022 under Regulation Z CARD Act, HOEPA and QM Sections
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Safe Act MLO Registration Renewal Period Starts November 1 – Check Current Registrants’ Names
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OCC Updated Addresses for Equal Housing, CRA and Adverse Actions
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A New Federal Holiday. What Now?
On June 17, 2021, the U.S. got its first new National Holiday in 38 years. June 19th has been designated as “Juneteenth National Independence Day.” Our last new National Holiday, Martin Luther King, Jr. Day, the third Monday in January, was instituted in 1983. So, what’s different about these holidays and why does it affect …
CFPB Issues Changes to Rule on Higher-Priced Mortgage Loan Escrow Exemption
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HMDA and HPML Thresholds Bumped Up for 2021
The Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (Regulation C) and the Truth in Lending Act (Regulation Z), adjusting the asset-size exemption thresholds for banks, savings associations, and credit unions. Like the CRA thresholds, the adjustments are pegged to the annual percentage increase in the Consumer Price Index for Urban Wage …
CRA Asset-size Thresholds Announced for 2021
The annual CRA asset-size thresholds for covered financial institutions were announced December 17, 2020 applicable for 2021. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. As a result of the 1.29% increase in the CPI, the levels …
FFIEC Releases 2019 CRA Public Data Tables
On December 14, 2020, the FFIEC released the public disclosures for CRA data submitted for calendar year 2019. Note: If your institution does not report CRA small business, small farm or community development lending data, then this Special Release would not apply to you. Even if your institution is not a CRA reporter, a review …
