Business purpose loans seem to cause anguish for HMDA but they don’t have to. Have a process to define what loans are business purpose, and have specific HMDA procedures for that portfolio. This webinar will help you to accomplish those goals!
The revised HMDA demographic data that becomes mandatory as of January 1, 2018 totally upends the Government Monitoring Information process the industry has been using for many years.
In this webinar, we will focus on reportable transactions and the rules for extensions of credit under both the existing and revised HMDA rules, comparing them, pointing out the differences and explaining the requirements.
The CFPB has made fundamental changes to the HMDA rules beginning in 2018, and one of the most important changes involves the most basic HMDA concept of all – the dwelling.
Major HMDA Changes are just a year away! There will be new Demographic Information collection forms, and you’ll be reporting different data in a different format, to a different agency, using a different method. Are you ready?
Recent HMDA changes represent a major rewrite of the requirements with entirely new concepts and rules. The time to understand the rules and start planning is NOW.
Don’t brace for the change - prepare for the change. The number of fields on the HMDA LAR is almost tripling, and only 5 of the current HMDA fields will remain unchanged.
Yes, HMDA is changing, and this webinar will take a brief look at the 2017/2018 changes to HMDA, concentrating on what institutions are covered and exempt as well as what applications are covered by the new rules.