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Day 1 – ABA RCC

Welcome from Orlando and the 2022 ABA Compliance Conference. It was a great first day of sessions.  All the sessions I attended today were informative and the speakers insightful. I wanted to take time to focus on the three key things I took away from the “Fair Banking/Fair Lending: Preparing for the 1071 Implementation” panel. The panel for this session included a great group: Kitty Ryan, Britt Faircloth, and Maureen Carollo.   Do not expect […]

2021 HMDA DATA

On June 16, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions. Covered institutions include banks, savings associations, credit unions, and mortgage companies. The Snapshot National Loan-Level Dataset (Snapshot) released today contains the national HMDA datasets as of May 1, 2022. Key observations from the Snapshot include the following: For 2021, the number of reporting institutions […]

2022 HMDA GUIDE AVAILABLE

On March 30, 2022, the Federal Financial Institution Examination Council (FFIEC) made available the 2022 A Guide to HMDA Reporting: Getting It Right! The Guide is a valuable resource for assisting institutions in their HMDA reporting. It includes a summary of responsibilities and requirements, directions for assembling the necessary tools, and instructions for reporting HMDA data.

CFPB 2022 HMDA REPORTABLE DATA CHART

The CFPB recently posted the Reportable HMDA Data: A Regulatory and Reporting Overview Reference Chart for HMDA Data Collected in 2022, a 38-page reference chart covering each of the data points required to be collected, recorded, and reported under Regulation C. The chart is a reference tool for data points required to be collected, recorded, and reported under Regulation C. Relevant regulation and commentary sections are provided for ease of reference. The chart also incorporates the […]