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CFPB adjusts HMDA data collection and TILA mortgage escrow thresholds

Dec 31, 2013   //   by   //   Mortgage News Daily  //  Comments Off on CFPB adjusts HMDA data collection and TILA mortgage escrow thresholds

By Around the Web Barbara S. Mishkin In notices published in yesterday’s Federal Register, the CFPB adjusted the thresholds of the asset-size exemptions for collecting HMDA data and establishing an escrow account for certain mortgage loans under TILA. Pursuant to Regulation C, which implements HMDA, depository institutions with assets below an annually adjusted threshold are exempt from HMDA data collection requirements. In… More >…(read more)

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