CFPB Offers Clarification to Proposed Data Collection Update

first_img The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe CFPB data Regulation 2017-04-13 Seth Welborn Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago On Thursday, the Consumer Financial Protection Bureau released a proposal with the aim to ease the adoption of mortgage data reporting requirements, which are to take effect in January.In fall of 2015, the CFPB introduced new data reporting requirements which are set to take effect next year under the 1974 Home Mortgage Disclosure Act (HMDA), updating existing rules which will make lenders provide information on property value, the terms of the loan, the term of prepayment penalties and the duration of teaser or introductory interest rates. The HMDA was intended to address problems faced by minorities in gaining access to a mortgage, and requires lenders to collect data from the purchase, home improvements, and refinancing and report that data to federal regulators.However, the increased amount of data which the CFPB has required lenders to report has led increased complications. Several lenders and trade groups have asked for clarification on the definition and reporting requirements for new HMDA reporting categories, such as “loan purpose” the unique identifier for the originator of the loan.In a statement, the CFPB let firms know that they can avoid reporting on those topics if they do not have the information due to loans which were purchased from a third party. In addition, the CFPB stated that incorrect information while using a geocoding tool will not mean the lender will be held accountable under HMDA.“The Home Mortgage Disclosure Act shines a much-needed spotlight on the mortgage market, which is the largest consumer financial market in the world,” CFPB Director Richard Cordray said in a statement. “Today’s proposal reflects the bureau’s ongoing and substantive engagement with stakeholders in the marketplace, and will help industry meet its new reporting obligations.”In addition to adding more data points to be reported, the CFPB’s new HMDA rule will make reporting data online easier. The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img April 13, 2017 1,175 Views Servicers Navigate the Post-Pandemic World 2 days ago Previous: Fannie Mae Announces Reperforming Loan Sale Winner Next: Dart Appraisal, HouseCanary Announce New Valuation Product Share Save About Author: Seth Welborn Related Articles  Print This Post CFPB Offers Clarification to Proposed Data Collection Update Home / Daily Dose / CFPB Offers Clarification to Proposed Data Collection Update Tagged with: CFPB data Regulation The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

The best credit union websites we’ve seen all year!

first_imgThis year we’ve been working with a number of credit union clients who are looking into redesigned their websites. So we have a pretty awesome running list of gorgeous, high functioning CU websites we’ve compiled as examples. Here’s our Top 10 List of the Best Credit Union Websites we’ve seen so far this year!(Disclaimer: These sites are in no specific order, and ALL of these are fully mobile responsive, as this is a MUST for any website to be used as an example. We also tested all of these sites using the Google mobile performance tool, and included load times for each site. Mobile load times can vary widely based on cellular service provider, but this tool gives a good idea of the average load times when going to the site from a mobile device. The faster the load time the better, of course!)1. Evolve Credit Union(Mobile Load Time – 5 Seconds)Evolve also has a ‘start live chat’ option which is huge! Millennials LOVE chat for customer service, so this is a great feature for pushing out to younger members! Nice work! continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Man City confirm Guardiola as next coach

first_imgMANCHESTER, England (AP):Pep Guardiola and Manchester City have long been considered a likely match: football’s most admired coach and a club with massive spending power seeking to become the dominant force in Europe.It’s been four years in the making, but finally, they’ll be united.City announced yesterday that Guardiola will take over as manager on a three-year contract starting next season, furthering the English team’s goal to be a global superpower.Guardiola will replace Manuel Pellegrini, who – minutes before City’s announcement – ended a pre-game news conference by saying that he would be leaving the club at the end of the season.The news was sudden but not unexpected.Guardiola announced in December that he would be leaving Bayern Munich at the end of this season after three years in charge when he enhanced his status as football’s most sought-after coach. Then, last month, he said that his next job would be in the English Premier League.City was always his most likely destination. Backed by Abu Dhabi cash since 2008, the club has been transformed into the most successful in England of recent times, winning two league titles and two cup competitions since 2011 and assembling an all-star squad including players like Sergio Aguero, David Silva, Yaya Toure, and Kevin De Bruyne.”In recent weeks, (City) has commenced and finalised contractual negotiations with Pep Guardiola to become head coach for the 2016-17 EPL season onwards,” City said in a short statement. “These negotiations were a re-commencement of discussions that were curtailed in 2012.”That was the year Guardiola quit Barcelona, after winning 14 trophies in four years as coach, and took a 12-month sabbatical. During his time off, he agreed to join Bayern for the start of the 2013-14 season and has gone on to win back-to-back German league titles, the German Cup, and both the Club World Cup and UEFA Super Cup.last_img read more

Prince Caperal continues to prove worth for Ginebra, impress Cone

first_img“He’s got a high basketball IQ and he’s using it. He’s really listening to what we asked him to do and he’s executing it to perfection,” Ginebra coach said of Caperal.In Game 2, Caperal introduced himself to the PBA by doing what he’s known for during his college days at Arellano University, hitting perimeter shots on his way to a career-high 26 points on 11-of-18 shooting from the field on top of eight rebounds.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folk Game 3, meanwhile, saw Caperal, a floor-spacing big man, stand his ground on defense against the most dominant player in the country today in June Mar Fajardo.“First game, he was a revelation because of his ability to shoot the ball and pull June Mar away from the basket,” Cone recalled.“But tonight, I thought it was another revelation, he just stuck his nose on the defensive side. His shots weren’t falling as much but he made it up on the defensive side.”The 6-foot-6 Caperal scored only 12 points on 5-of-12 shooting from the field and grabbed four rebounds in 33 minutes but his overall impact went beyond his numbers and reflected on Fajardo’s production.ADVERTISEMENT View comments In Liverpool, Man United sees the pain and path to recovery Tim Cone, Ginebra set their sights on elusive All-Filipino crown LATEST STORIES Scarlett Johansson, Sterling K. Brown among SAG Awards presenters Cabuyao City rising above the ashes through volunteerism [email protected]’s @PrinceCaperal_ was happy that his solid Game 3 finally ended up with a victory. #PBA2018— Randolph B. Leongson (@RLeongsonINQ) March 13, 2018 Don’t miss out on the latest news and information. Slaughter remains day-to-day; Cone says center still in pain Fajardo, the reigning four-time MVP, dominated with 33 points on 11-of-18 and 19 rebounds in his previous outing. He still came away with 23 points and 16 rebounds in Game 3 but he had to work much harder for his baskets.“My role as a starter is to defend June Mar and be a physical presence against him and at least make it a little tougher for him,” Caperal, whom Ginebra picked up from the free agent pool early last month, said in Filipino.“I had mixed emotions last game because I had my breakout game but at the same time we lost. It feels good to win this game. But I’m not doing anything special, I’m just playing my game.”Most still get surprised whenever Caperal makes a good play, but not Cone and the rest of the Gin Kings.“We knew he was good,” said Cone.The rest of the league may just have to get used to it.“Very special two games from him and he’s going to continue to be key in this series,” Cone praised. Photo by Tristan Tamayo/ INQUIRER.netPrince Caperal showed he is no fluke.After having the game of his life on Sunday night, Caperal again played a vital role for Barangay Ginebra in its best-of-seven semifinals series against San Miguel Beer and this time, the Gin Kings won.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Recto seeks to establish Taal rehab body to aid community, eruption victims Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Conor McGregor seeks to emerge from controversy in UFC comeback Nadine Lustre’s phone stolen in Brazil Jiro Manio arrested for stabbing man in Marikina MOST READ Explosive Gilas Pilipinas not yet at its best, says Tim Cone PLAY LIST 01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone03:42SEA Games: Rogen Ladon enters flyweight boxing semis02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player awardlast_img read more