Events listed in Home Mortgage Disclosure Act
Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
ID 26477
The Bureau of Consumer Financial Protection has published in the Federal Register the asset size threshold adjustment outlined in regulation C with regard to loan data reporting requirements of financial institutions. In detail, (foreign) banks, savings associations, and credit unions must usually collect „data about their housing related lending activity“ if (a) they are located in metropolitan areas and (b) their total assets at ...
CA 23-1
ID 21702
In view of the recent threshold adjustment outlined in regulation C with respect to closed-end mortgage loans data reporting requirements of financial institutions, the Board of Governors of the Federal Reserve System (FED), has published a new Consumer Affairs Letter (CA 23-1) in this context. Therein, the FED briefly describes the „new“ requirement and outlines its supervisory approach for the previous three years during ...
Home Mortgage Disclosure Act: Loan Origination Threshold Changes
ID 21674
In view of the recent threshold adjustment outlined in regulation C with respect to closed-end mortgage loans data reporting requirements of financial institutions, the Office of the Comptroller of the Currency, OCC, has published a new Bulletin (OCC Bulletin 2023-5) in this context. Therein, the OCC briefly describes the „new“ requirement and outlines its supervisory approach for the previous three years during which the ...