The ConsumerFinancial Protection Bureau is considering requiring creditunions and other mortgage lenders to provide even more data abouttheir housing finance loans and borrowers.
In remarks prepared for a Feb. 7 press call, CFPB DirectorRichardCordray noted the Dodd-Frank Financial Reform Act increased theinformation lenders must report to comply with the Home MortgageDisclosure Act. But he added that the agency was considering askingfor more.
Currently, mortgage lenders have to report information such asthe type of housing loan made, the census tract where the propertyis located and the borrower's race and ethnicity.
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