CFPB Opens Mortgage Data Projects.
On February 7th, the Consumer Financial Protection Bureau announced the formation of a panel of small businesses to provide feedback on potential changes to mortgage information reported under the Home Mortgage Disclosure Act ("HMDA") and the launch of a new online tool that makes it easier to navigate the publicly available HMDA data. The Bureau believes that additional mortgage information could help federal regulators, state regulators, lenders, consumer groups, and researchers better monitor the market. It is also considering changes to make it easier for mortgage lenders to provide better information. CFPB Press Release.See also Reuters.