CRA provided analytical support for regulatory reviews for banking clients facing investigations by the CFPB, the FDIC, the Federal Reserve Board and the Office of the Comptroller of the Currency. Our analyses revealed there was no evidence of fair lending compliance issues when mortgage lending decisions were modeled properly.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...