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CFPB, Compliance Matters

New HMDA Data is Scary

- Friday July 28, 2017

 
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By January 1, 2018 all lenders will be required to gather new HMDA data.  The new data that’s being required is simply scary.  It makes no sense to gather all this information on people when getting a mortgage loan.

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additional comments on
"New HMDA Data is Scary"

  1. peter says:
    July 28, 2017 at 9:18 am

    I close in 16-18 days all the time. Just closed in 18 days with full underwriting. I released the loan contingency up front in my offer as I always do. And beat 2 other offers. Candice Davis in Roseville CA is my gal. Every client I take out must be fully underwritten!

  2. Greg Wilcox says:
    July 29, 2017 at 9:06 am

    LOL, this movement mortgage rant makes me think of this scene: https://www.youtube.com/watch?v=JB2di69FmhE

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