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How to Avoid the Pitfalls Hiding in Your HMDA Data

  
  
  
  

 As bankers finalize and submit their 2011 HMDA data before the March 1st deadline, most will take time to perform a fair lending analysis.

$41 million is the new HMDA exemption threshold

  
  
  
  

 On Feb. 15, the new exemption threshold went into effect for HMDA reporting. The Consumer Financial Protection Bureau (CFPB) tweaked Regulation C of HMDA, raising the asset-size exemption threshold for depository institutions to $41 million or less, as of Dec. 31, 2011. Previously, the threshold was $40 million.

A Timely Reminder Via the $25 Billion Mortgage Relief Settlement

  
  
  
  

Blog by Andy Barksdale

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