Articles

Anthony Sharett, Bob Niemi Author Article about New HMDA Reporting Requirements

Articles / September 2, 2016

Partner Anthony Sharett and Senior Advisor Bob Niemi authored an article published in the September 2016 issue of Scotsman Guide Residential Edition. The article, “Mortgage Professionals Need to Get Their Ducks in a Row before New Rule Changes Start Rolling In,” discusses upcoming changes to the Home Mortgage Disclosure Act (HMDA), which will greatly expand the range of reporting requirements for lenders. Sharett and Niemi conclude, “the timeline for compliance with the new HMDA rules is very short, given their breadth and the depth of the impact on covered institutions. Education, communication and effective data testing will be vital to ensuring reporting accuracy and timely compliance.”

Read the article.

Related Industries

Blog

In The Blogs

Previous Next
Financial Services Blog
Unique challenges for commercial landlords posed by large-scale retailer bankruptcies
By Lars H. Fuller
July 2, 2018
(Excerpted from “Retail Bankruptcies – Protections for Landlords,” Practical Law Journal, May 2018, by Lars Fuller) Due to increasing competition from online sellers, recent years have seen a dramatic uptick in Chapter 11 bankruptcy...
Read More ->
Financial Services Blog
Ground Leases: Some Basics, Some Specifics and How to Make Them Financeable
By Eben P. Clark
June 29, 2018
Ground leases are fairly common but sometimes overlooked property interests. A succinct but adequate definition of a ground lease was articulated by Herbert Thorndike Tiffany (Tiffany on Real Property § 85.50 [3d ed.]) as follows: [A]n...
Read More ->
Financial Services Blog
Supreme Court Holds That a Statement About a Single Asset Can Be a Statement Respecting a Debtor's Financial Condition
By Eric R. Goodman
June 25, 2018
The Supreme Court held that a statement about a single asset can be a “statement respecting the debtor’s financial condition” for purposes of determining the application of the exception to discharge set forth in Section 523(a)(2) of the...
Read More ->
Financial Services Blog
Supreme Court Resolves Circuit Split Over Application of Section 546(e) to Transactions Involving Conduits
By Adam L. Fletcher, Eric R. Goodman
May 31, 2018
The Supreme Court’s recent decision in Merit Management Group, LP v. FTI Consulting, Inc., 138 S.Ct. 883 (2018), held that transfers made by or to entities that are not “financial institutions” or other covered entities fall outside the...
Read More ->
Financial Services Blog
Congress Passes Repeal of CFPB Guidance on Indirect Auto Lender Liability for Discriminatory Lending
By M. Mitchell Oates
May 16, 2018
The U.S. House of Representatives voted last Tuesday to reject a 2013 Consumer Financial Protection Bureau (CFPB) bulletin that provided guidance regarding liability for discrimination in indirect auto lending. The same measure passed the...
Read More ->