BOL Top Stories has a link to the FFIEC HMDA PowerPoint presentation available for download. 78 slides worth. Pretty cool that the Feds are doing this.

I've already saved it for our training in December.

Thank you!

I've been looking at this PPT and plan to use it in my bank, but I'm confused by one part of it. In the section on refinances it talks about the new definition of refinancing (which I thought I had figured out) and then it goes into the coverage test for refinancing. It says "Remember to distinguish definition for reporting from definiton for coverge" What are they talking about? The coverage test makes it seem as though we only need to cover refis of home purchases when both new and old obligations are secured by first liens on dwellings. The definition of refinancing is much broader, which has been discussed in these threads many times before. What does it all mean? What is the coverage test testing the coverage of?

The coverage test is the test for whether or not the institution is covered by by HMDA. One of the criteria for being covered by HMDA is if you make at least one home purchase loan or refinancing of a home purchase loan secured by a first lien on a one-to-four family dwelling. If you are covered by HMDA you must report refinancings where both the existing obligation and the new obligation are secured by liens, but here the definition is not limited to first liens.

I also think it's great that the PPT was provided to us. I edited it a bit (a little too much info) and added a few questions & answers.