By Brian Honea
The HMDA dataset has not kept pace with the mortgage market’s evolution despite being the leading source of information for the market, CFPB said; for example, the HMDA data does not include adequate information about loan features such as adjustable-rate mortgages and non-amortizing loans which helped contribute to the mortgage crisis.
The post CFPB Finalizes Requirements for Reporting Mortgage Data appeared first on DSNews.
Via:: CFPB Finalizes Requirements for Reporting Mortgage Data
