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Home » Store » News » Groups Call For Expansion of HMDA to Loan Modifications

Groups Call For Expansion of HMDA to Loan Modifications

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A coalition of 280 community organizations and public agencies has urged the Federal Reserve to extend Home Mortgage Disclosure Act requirements to loan modification applications, denials, and modification terms to gauge the effectiveness of foreclosure prevention policies and programs. Testifying at an Aug. 5 public hearing on potential revisions to HMDA regulations, fair lending advocates underscored the need to...
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