CFPB Posts Rule Explaining how HMDA Exemptions Will Work
National Mortgage News, Aug. 31, 2018–Kate Berry (subscription)
The reg relief law, signed in May, exempts roughly 85% of banks and credit unions from reporting the expanded Home Mortgage Disclosure Act data points introduced for the 2018 reporting year. The mortgage industry lobbied heavily for the changes, particularly for an exemption from disclosures of all points and fees when a loan is originated.
