Mortgage and Home Equity
Mortgage and home equity products have received increased regulatory and legislative scrutiny over the past few years. Historically, CBA has focused on home equity as a major retail product of our members. However, the Dodd-Frank Act’s elimination of federal preemption standards previously afforded to operational subsidiaries has forced many depository institutions to internalize their primary mortgage products, making them a more traditional retail issue. CBA is focused primarily on the efforts of the CFPB to regulate in this space, including TILA-RESPA reform, Qualified Mortgage (QM) rulemaking, and Dodd-Frank Title 14 rulemaking.
- December 14, 2021 - 2:00PMPastNovember 16, 2021 - 1:00PMPastNovember 2, 2021 - 12:00PMPastNovember 1, 2021Hybrid appraisals, also known as bifurcated or desktop appraisals, have a decades long track record of reliability. This type of appraisal has the subject’s inspection completed by someone other than the appraiser, commonly referred to as a bifurcated process. The inspection results are then shared with the appraiser who does the analysis and estimates the type of value required by the client...October 5, 2021The housing supply in the United States has seen record lows over the past two years. Combine economic volatility, the massive shift of professionals and students working and learning from home, and people moving to bigger spaces or relocating geographically to cope with the new normal of the COVID-19 pandemic – and the real estate industry is left scrambling. People are ready to buy, sell and...September 27, 2021Even before the COVID-19 global pandemic, the real estate industry was becoming more techenabled. The pandemic forced acceleration of technology adoption and changed the dynamics of the real estate industry. Remote and desktop appraisals, appraisal self-scheduling, video closings and the desire for speed and minimal direct contact are being embraced by tech-savvy lenders and borrowers. Now – more...August 9, 2021To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to provide comments in response to your Request for Input (RFI) on Eligibility Requirements for Single Family MBS Issuers. CBA is the only national trade association focused exclusively on retail banking. Established in 1919, the association is now a leading voice in the banking industry and Washington, DC, representing...
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Joint Comment Letter on HMDA (Regulation C)