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Home » Store » Regulation » Developing National Mortgage Database Is a ‘Daunting’ Task With Privacy, Security Risks

Developing National Mortgage Database Is a ‘Daunting’ Task With Privacy, Security Risks

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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 government’s 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...
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