02/13/2022
Does a Money Service Business (MSB) who is registered through the state Nationwide Multistate Licensing System (NMLS) still have to register as a MSB separately with FINCEN?
02/06/2012
I'm creating a CRA Public Folder for the first time and one of the requirements is a map of each assessment area showing the boundaries of the area and identifying the geographies contained within the area, either on the map or in a separate list. My bank is in Dublin Georgia. We have one branch in Wilkinson and two branches in Laurens county. No one knows where to get the map. I'm new to the bank. If we're not able to retrieve the map it says that we can list it in separate paper. What information are they looking for us list? What does it mean by assessment area showing the boundaries of the area and identifying the geographies contained within the area?
08/02/2010
Under Reg O, must a director disclose his role as a director of another bank as a related interest, even if this bank is outside of the metropolitan statistical area of the bank in which he is filling the questionnaire?
07/14/2008
Our bank has two offices in rural areas and assets of approximately 42 million. We hired a loan officer to work in an MSA. He may be creating 1-4 family residential real estate loans or home equity loans. The office is not an official branch and is still not an official LPO. Will the bank be subject to HMDA reporting?
03/26/2007
We are considering extending our CRA assessment area to include a portion of the surrounding counties. None of these areas is a MSA or considered distressed. What, if any, compliance issues would we face doing this? Also, is there a maximum percentage of our loans that can be outside our assessment area?
10/01/2005
The 2004 HMDA data is finally out and the numbers show what we expected and feared: Black Americans fare less well in the mortgage market than non-Hispanic whites. Now what?
12/01/2004
The U.S. Department of Justice is working hard at fair lending enforcement. This is not a concern that has faded into the background. Quite the opposite is true.
02/02/2004
We are a de novo bank (8 months old) and our service area has been designated an MSA. For 2004 we will be a HMDA reporting bank. We have a Real Estate department that originates loans under broker agreements with loans being closed in the name of the investors. One of the brokers requires loans to be closed in the bank's name. Do we need to collect information on all brokered loans or just the ones closed in our name? We will be collecting HMDA information on all required loans that we carry on our books.
07/01/2003
HUD's median family income figures are posted on the regulatory agencies' web sites. The numbers range from highs such as the Washington D.C.
06/01/2003
At PCi's annual User Conference, several speakers shared their ideas for the transition to new HMDA. First, be prepared for last minute change.