Recently the CFPB reminded HMDA filers that when providing census tract information required by HMDA and Regulation C for calendar year 2022 applications and loans, financial institutions should use census tract information provided in the 2020 census. The FFIEC’s Geocoder will use 2020 census tract information beginning January 1, 2022.
On September 10, 2021. The Consumer Financial Protection Bureau (CFPB) published its 2022 Filing Instructions Guide (FIG). The FIG is a compendium of resources to help HMDA covered financial institutions file annual HMDA data collected in 2022 with the CFPB in 2023.
On June 17, 2021 the Federal Financial Institutions Examination Council (FFIEC) published 2020 HMDA data. The data is always a treasure trove. The following are a few quick observations about the data. For 2020, the number of reporting institutions declined by about 18.8 percent from the previous year to 4,475. One reason for the change is that, in 2020, the Bureau issued a final rule amending Regulation C to increase the threshold for collecting and […]
On June 17, 2021 the Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The FFIEC also released several data products to serve a variety of data users. The HMDA Dynamic National Loan-Level Dataset is updated, on a weekly basis, to reflect late submissions and resubmissions. […]
On March 30, 2021, the federal financial institution regulatory agencies announced the release of the 2021 edition of A Guide to HMDA Reporting: Getting It Right! for Home Mortgage Disclosure Act (HMDA)-related data collected in 2021 and reported in 2022.