Lenders Face Uncertainty in Post-HMDA Period as Tougher Enforcement, Class Action Suits Loom
November 10, 2005
Mortgage lenders gathered at the Consumer Bankers Association’s annual fair lending conference this week came away with more concerns than before about what the 2004 Home Mortgage Disclosure Act data and its new pricing information reveal and how to deal with its consequences. Regulators speaking at the CBA meeting confirmed what the Federal Reserve Board already revealed in its September analysis of the 2004 data– that there are lending disparities…