When HMDA Will NOT Require Us to Collect Demographic Data (Bonus: HMDA Hotlist)
Our first Wednesday newsletter sent out directly by our website. Same content (compliance/lending). Same time (Wednesdays at 6:00 am)....
Corrected Disclosures Affecting HMDA LAR and Federal Reserve Comments on Finance Charge
Special two-part series this week! First a quick note on HMDA and corrected disclosures. Second, some takeaways from a recent Federal...
Simplified HMDA Data When Applicant Declines to Report GMI
We in the regulation, I mean mortgage, business are all learning about the new HMDA requirements. One particular issue that arises is...
Dodging HMDA-applicability on pre- approvals under the new rules
It's nice to avoid HMDA reporting requirements when you can, for example by using pre-qualifications instead of full pre-approvals. But...
Are you reporting too many loans as "withdrawn?" (if so, better check for HMDA errors)
Reporting too many mortgage loans as "withdrawn" is a sign that you're out of compliance with HMDA reporting requirements. This may mean...