Mortgage lender fined for alleged HMDA violations

On 5 June 2019 the Consumer Financial Protection Bureau (CFPB) announced its consent order (consent order) with a large mortgage lender (the company) for allegedly reporting erroneous sex, race, and ethnicity Home Mortgage Disclosure Act (HMDA) loan/application register data from 2014-2017.

The company was one of the nation's 10 largest HMDA reporters for each year of the alleged violations. Based on the consent order, most of the company's HMDA-reportable applications were generated through its call centers.

Read More: Mortgage lender fined for alleged HMDA violations


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