CFPB hits two lenders with thousands in penalties over HMDA data

For more reading on HMDA, see the first tuesday Realtipedia volume Agency, Fair Housing, Trust Funds, Ethics and Risk Management, Fair Housing Chapter 10: Home Mortgage Disclosure Act. Re: " CFPB hits two lenders with thousands in penalties over HMDA data ", from Housing Wire

Nationstar Mortgage has been hit with a $1.75 million fine for violating the Home Mortgage Disclosure Act – the largest penalty ever for an HMDA violation. The Consumer Financial Protection.

Two mortgage lenders must pay a combined $459,000 in civil penalties for what the Consumer Financial Protection Bureau (CFPB) says are violations of the Home Mortgage Disclosure Act (HMDA).

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On March 15, 2017, the Consumer financial protection bureau (cfpb) entered into a consent order with national nonbank mortgage lender that requires the lender to pay a $1.75 million civil monetary penalty to resolve alleged violations of the Home Mortgage Disclosure Act (HMDA).

CFPB Levies HMDA Penalty Against Nationstar Mortgage for HMDA Violations. Now is the time for credit unions and business partners to shore up compliance before the new HMDA rule takes effect next year.

Over one million. It will also pay a civil penalty of $225,000. Similar charges were made in the consent order with American Preferred Lending, a mortgage lender and broker in California and loan.

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