Social Media Best Practices and SML Requirements October 26, 2015
Social Media Best Practices & Agency Requirements can be found on SML’s website.
Updated Versions of the Know Before You Owe
The Bureau has published on their website updated versions of the Know Before You Owe mortgage disclosure rule Small Entity Compliance Guide and the Guide to Forms. The documents can be accessed on the TILA-RESPA implementation webpage.
Expand Your Skills and Knowledge at a MERS® Regional Workshop. Do you want to learn about the MERS® System and its supporting processes in a live training environment? If so, join us for a half-day, interactive MERS® Regional Workshop! Click here.
OVERVIEW OF HMDA WEBINAR. The Bureau has made available on its website a webinar that provides an overview of the HMDA final rule and addresses institutional and transactional coverage, the data disclosure and submission process, as well as some key dates found in the final rule. Also available, is a HMDA transactional coverage chart that may be used when determining whether a transaction is reportable under HMDA. In addition, for your convenience, we have posted to the website a PDF of the sample data collection form from Appendix B of the HMDA final rule.
You can access the webinar and the additional implementation resources on our dedicated implementation webpage for HMDA at: http://www.consumerfinance.gov/policy-compliance/guidance/implementation-guidance/hmda-implementation/
HMDA DATA TO BE FILED WITH CFPB. Beginning with data collected in 2017, financial institutions will file their HMDA data with the Consumer Financial Protection Bureau rather than the Federal Reserve Board. On July 13, 2016, the FFIEC and HUD published the following documents on Resources for HMDA Filers to help financial institutions report Home Mortgage Disclosure Act (HMDA) data collected in or after 2017. These materials are also accessible from the FFIEC website.
CFPB's eRegulations is a web-based tool that makes regulations easier to find, read, and understand. The tool has been expanded to include three additional Bureau regulations. We are also updating an existing regulation to reflect changes that the Bureau has recently made.
Check out eRegulations: www.consumerfinance.gov/eregulations.