I just printed out like 700 pages. Total waste. What do we need to really print out? The directions and program prompts leave much to be desired.

Wow Ron, they must have changed the directions. They used to be more user friendly...or perhaps it's the new information that's included that's making it bulky.

First, I don't print out the paper copy, so if you don't want to, you can avoid that by filing the CD instead, but you will have to print if someone asks for a copy (how often does that happen?....for me never) And second, I'd answer the balance of your question, but my assistant has locked me out of the file cabinet so I can't go look at the print out from last year She's evil that way.

I would expect someone will get back with an answer sooner, but if you'd like, I'll check back here the second we get the new CD and she walks through the steps to print the smaller amount needed for your files and see if I can post them to help you out. Hopefully that will work. In the mean time, take a chance and file the CD for now until you get an answer

We haven't even gotten a CD. Are we suppose to?

Right you are about people asking for it...NEVER! Yeah they did include way too much stuff. It's almost at the point where there could be litigation because the purpose of allowing consumers to evaluate whether a bank is meeting the credit needs is so confusing that an average person wouldn't even be able to tell what they are looking at (I sure know I don't ).

We haven't received ours either.

During the ABA phone seminar today one of the speakers said all the cds were mailed out by 9/16 and we should have them by the end of the week.

Just returned from ACB Compliance Convention in Chicago. There were several seminars on the recently released HMDA data. According to one speaker, most of the Rate Spread loans were made by about 10% of the reporting lenders although an FDIC rep said that about 75% of FDIC regulated lenders made at least 1 mortgage that exceeded the rate spread threshold. GeoDataVision will be preparing a special report on the data after we receive the raw data and process it.

It is now the 23rd and we have not received our CD for the 2004 information. I thought we were to have these by the 21st.

They just like us better.

So, anybody else still waiting to get their's besides me? Should I be panicing yet?

GeoDataVision received its copy of the 2004 HMDA raw database on 9/24. We order our copy every Spring because we process the data into special mortgage market reports for community banks that use it for both for market analysis and compliance evaluation.
If you find the standard government version frustrating or cumbersome to use (like Ron has indicated), you should consider getting market analysis reports from private companies like GDV because all the data is compiled and calculated to show market rank and market share, etc., already. I don't know the pricing from other companies, but the standard reports we produce cost only hundreds of dollars per state.
Another point I can't overstate is the HMDA and CRA data are invaluable for market analysis. If you limit the use to only compliance (or worse, you don't use it at all!), you are really shortchanging your bank. At the ACB Compliance Conference I gave a presentation on How to turn your CRA cost center into a CRA profit center, and the secret is to use the HMDA and CRA data for real market analysis, not just a perfuctory compliance evaluation. You might be surprised by what your analysis reveals. You can learn an awful lot about the market and your competition and . you can get enthusiastic senior management support if you have a market driven CRA self-evaluation

I just got mine in the mail today, so I would think you would be getting yours shortly.

Just got ours today, even though the letter is dated August 19th.

Still don't have ours. Guess the Pony Express is slow this year.

Ours came today - they waited until I got back from vacation!

Guess what landed on my desk as soon as I made the last response. A CRUSHED CD. Well the case was crushed, I am not sure what shape the CD is in. I'll let my assistant figure that out.

Still waiting.

Well she has become less and less my assistant and more and more the CRA/HMDA reporting person. It takes up all her time to clean up and make sure the data is acurate. No time left to assist me.

My disk arrived today. Assistant, what's that?

still waiting.........(tapping foot impatiently...)

Mine arrived today.

Here's a related thread going on in the Lending forum. I mentioned an FFIEC notice about the need to apply a patch to the CD-ROM and the fact that the FFIEC had to fix a few of the online reports. This may have caused some printing problems.

Can we really just put the cd in our file? If I print all of this, I'll have 70-80 pages per MSA! What a PITA - last year's was only about 50 pages total.

Dawnie - if I just file the cd, do I put in a note or something saying that pritned HMDA disclosures are available upon request? What about our branches and our out of state office?

Becca, I am doing exactly that. Just be sure that you have a good dialogue with your branches about getting back to you if there are requests. I took a Dawnie-based suggestion and put fax sheets and contact instructions for each of their public files. Check out the letter that was sent regarding alternative delivery means. 15 days to response upon request.

Thanks Ron. Our branch files are maintained on our intranet and I've got those fax pages out there for them to use (assuming they remember to look for them!). I was more concerned about our out of state branch (there's only 1) because we are required to keep an exact copy of the official public file there, too. I guess I could just have that branch manager put a page in the file where the disclosure *would* go stating that due to length, printed copies will be provided upon written request?

According to the guidance in the letter this would be correct but out of state branches are normally considered quasi-home offices so I would print out the disclosure for that 1 branch.

So:
1. print my "home" disclosure and put it in the Public File (all 80 whatever pages of it)
2. put my CD in the file with a letter stating how the rest of the disclosures may be obtained
3. print my out of state office's "home" disclosure and send it to them for their file, along with a copy of the letter about getting copies of the other disclosures and where the cd is located.

Did I get that right?

I would think you can keep the CD and print out other copies as necessary. Every thing else I agree with provided that by "Public File" you meant home office public file. Not to be confused with other branch office public files which don't require as much information.

Becca & Ron,
We make it even simpler, for our out of state branch we copy the CD, not print the report, and send the copy to the branch. We also include instructions on how to print if needed.

(good to see you again Becca, long time no see) Like the new pic is it you?

Yeah, it's me. I'll see you soon - you are going to Austin, aren't you?

re: copying the cd - I thought about that, but was a little afraid to. If I have trouble figuring out what/how to print, what are the odds of the branch manager getting it sorted out?

If you provide very specific instructions, perhaps even showing screen captures, they should be able to figure it out. They can also call for help, and couple all that with the likelihood that they'd ever be asked for it, and you should be fine.

Becca, yep I will be in Austin. What about you Andy? We can have a MONK meeting.

We still haven't received ours. . . Anyone else still waiting??

We have our disk and have tried numerous times to download the patch but it is not working. Anyone else have problems getting the patch to download?

I downloaded the patch twice, but it didn't seem to correct anything.

We have spent WAY too much time trying to download it but it will not work!