Bureau reopens comment period on HMDA rule amendments

The CFPB has published a notice [84 FR 37804] reopening the comment period for the proposed rule published May 13, 2019, at 84 FR 20972, but only with respect to the proposed changes relating to the permanent coverage thresholds for closed-end mortgage loans and open-end lines of credit in §§ 1003.2(g)(1)(v) and (g)(2)(ii) and 1003.3(c)(11) and (c)(12) and related commentary. Comments must be received by October 15, 2019.

The comment period on those proposed changes is being reopened to allow stakeholders further comments to be informed by the release later this summer of the national loan level dataset for 2018 and the Bureau's annual overview of residential mortgage lending.