FORUM PROFILE

HMDA Red Flag?

Home Forums Home Mortgage Disclosure Act HMDA Red Flag?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #2319
    Ryan31
    Participant

    If the bank re-files its HMDA LAR or its CRA data to create errors does this create a red flag with regulators?

    #2665
    jholzknecht
    Keymaster

    Yes, re-filing does create a red flag; but you are generally better off finding and fixing your own problems than to have the regulators find your problems and order you to fix them. Finding your own problems proves your audit program works.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.