HUD: Department Seeks Public Comment on Disparate Impact Regulation
The U.S. Department of Housing and Urban Development (HUD) today announced that it will formally seek the public’s comment on whether its 2013 Disparate Impact Regulation is consistent with the 2015 U.S. Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. “HUD remains committed to making sure housing-related…
FFIEC: 2017 HMDA Data on Mortgage Lending Now Available
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 5,852 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released today are loan-level HMDA data that cover 2017 lending activity submitted by financial…
CFPB: FFIEC Announces Availability of 2017 HMDA Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 5,852 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released today are loan-level HMDA data that cover 2017 lending activity submitted by financial…
HUD: $37 Million in Grants Awarded to Fight Housing Discrimination
Grants will support more than 150 fair housing organizations nationwide The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $37 million to fight housing discrimination under its Fair Housing Initiatives Program (FHIP). These grants will support more than 150 national and local fair housing organizations working to confront violations of…
CFPB: Identification of Language Preference on the Uniform Residential Loan Application
The Bureau issued an official approval of the final redesigned Uniform Residential Loan Application (URLA), which will include a question about mortgage applicants’ language preference starting as early as July 2019. The Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to add this question to the URLA, which is a form that…
CFPB: FFIEC Announces Availability Of 2016 HMDA Data On Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and include: Applications, originations, purchases, sales of…
CFPB: Safeguarding Against Credit Discrimination | 2016 Fair Lending Report
It is against the law for a lender to discriminate in any aspect of a credit transaction based on certain reasons. Despite this prohibition, we hear from consumers who believe they have been treated differently because of these reasons, including characteristics such as their age, race, national origin, or sex. That’s where the CFPB’s Office…
HUD: National Fair Housing Month
WASHINGTON – This year marks the 49th anniversary of the Fair Housing Act, landmark legislation that became law on April 11, 1968. Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2017 at its national headquarters. This year’s theme is Fair Housing Equals Opportunity, highlighting equality in housing as…