CFPB Fines Nationstar $1.75M on HMDA Compliance – NMP
Regulation and Compliance

CFPB Fines Nationstar $1.75M on HMDA Compliance

Mar 15, 2017
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC

The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC for allegedly violating the Home Mortgage Disclosure Act (HMDA) by “consistently failing to report accurate data about mortgage transactions for 2012 through 2014.”
 
The CFPB stated the penalty against Nationstar is the largest HMDA-related enforcement effort in its history. The agency added that Nationstar has been on notice since 2011 regarding its HMDA compliance problems.
 
“Financial institutions that violate the law repeatedly and substantially are not making serious enough efforts to report accurate information,” said CFPB Director Richard Cordray. “Today we are sending a strong reminder that HMDA serves important purposes for many stakeholders in the mortgage market, and those required to report this information must make more careful efforts to follow the law.” 
About the author
Phil Hall
Link copied
Published
Mar 15, 2017
Get the NMP Daily
Industry News
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

The most significant federal housing legislation in decades is becoming law, even without President Donald Trump's signature, ending months of uncertainty over a bipartisan package aimed at expanding housing supply, modernizing federal housing programs, and improving afforda...

Continue reading
Non-QM
ResiCentral Expands Non-QM Lineup With Same-Day Income Qualification

New Apex and Optimum programs combine multiple documentation options with faster income analysis for self-employed, investor, and other non-W-2 borrowers

ResiCentral, the wholesale and non-delegated correspondent lender, has introduced two new non-qualified mortgage (Non-QM) programs — NQM Apex and NQM Optimum — and added a same-day qualifying income review process to help broker and correspondent partners determine whether a...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Regulation and Compliance
CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

Regulation and Compliance
Jul 09, 2026
VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

Regulation and Compliance
Jul 07, 2026
MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Regulation and Compliance
Jul 03, 2026
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

Regulation and Compliance
Jun 30, 2026
CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Regulation and Compliance
Jun 24, 2026
Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

Regulation and Compliance
Jun 23, 2026