Developing National Mortgage Database Is a Daunting Task With Privacy, Security Risks
January 10, 2013
Expect the Consumer Financial Protection Bureau and the Federal Housing Finance Agency to roll out a national mortgage database this year, but experts say it remains to be seen how comprehensive or how secure the first-of-its-kind mega electronic information storehouse will be. This week, during a webinar sponsored by the Ballard Spahr law firm, experts from Ballard and Navigant Consulting agreed that the governments commitment to develop an origination-to-foreclosure repository of mortgage data is a daunting task that will take much longer than a single calendar year to implement and refine. I absolutely believe...