Comments due in March: HMDA resubmission, GSE service

March 1, 2016

WASHINGTON (3/1/16)--Home Mortgage Disclosure Act (HMDA) resubmission guidelines are among the proposals with comment deadlines in March. Also due this month are comments on Fannie Mae and Freddie Mac’s duty to serve underserved areas, and the National Credit Union Administration’s (NCUA) review of its regulations.

Regarding HMDA, the Consumer Financial Protection Bureau is considering whether changes to its HMDA resubmission guidelines may be appropriate for HMDA data submitted under recent changes to the rule. The bureau is requesting comment on what changes to the guidelines may be needed.

Comments are due to the CFPB by March 14.

Other comment deadlines this month include:

  • March 17: A Federal Housing Finance Agency proposal to provide Duty to Serve credit for eligible activities that facilitate a secondary market for mortgages related to manufactured homes, blanket loans for certain manufactured housing loans, preserving the affordability of housing and housing in rural markets;
  • March 22: Comments on the NCUA’s review of rules of procedure and safety and soundness regulations, particularly on the possibilities for burden reduction.

In addition, comments on both the NCUA’s strategic plan and the U.S. Treasury Financial Crimes Enforcement Network’s proposed changes to the Bank Secrecy Act Currency Transaction Report (CTR) are both due April 4.

Comments on the CTR changes can be submitted to the Credit Union National Association (CUNA) by March 18, and comments on the NCUA’s strategic plan can be submitted to CUNA by March 24.