When Ability to Repay affects HMDA Reporting

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Question:

Our bank has a small staff that simply handles the HMDA LAR, testing all fields for all portfolios. They are confused by some terms that are new to them, such as ATR. What is HMDA talking about?

Answer:

ATR is an abbreviation for Ability to Repay, a Regulation Z term. We will delve into this in the webinar so that everyone will know what these terms that have crossed over to HMDA mean, where the data is stored, and how to report.
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Learn more about Kathleen Blanchard’s webinar
Regulation Z, TRID, and Loans Features – What Do They Have to Do with HMDA?