Articles

2020 HMDA Data on Mortgage Lending Available

August 16, 2021 - 2 min read

On March 31, 2021, the Consumer Financial Protection Bureau (CFPB) announced that Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2020 were published on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,400 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect privacy….

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CFPB Revises HMDA Threshold

August 21, 2020 - 3 min read

On May 12, 2020 (85 FR 28364), the Bureau of Consumer Financial Protection (CFPB) published a final rule to amend Regulation C, the regulation that implements the Home Mortgage Disclosure Act (12 CFR 1003), by: Increasing the threshold for reporting data about closed-end mortgage loans, so that institutions originating fewer than 100 closed-end mortgage loans…

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Quarterly HMDA Reporting

June 11, 2020 - 1 min read

On March 26, 2020, the CFPB issued a statement to inform its supervised financial institutions that it does not intend to cite in an examination or initiate an enforcement action for failure to report the quarterly HMDA data for those institutions subject to the new 2018 HMDA quarterly reporting requirements. Financial institutions that report for…

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HMDA: The Significance of Conditional Approvals and Approved But Not Accepted Applications

December 20, 2019 - 5 min read

The Home Mortgage Disclosure Act (HMDA) requires institutions to indicate what “action” was taken on reportable applications. The institution must choose between a finite list of these actions to describe what exactly happened to the covered loan or application. What was the ultimate outcome? Was the transaction originated or purchased from another institution? Was the…

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