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 […]
Category: FFIEC
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.
HMDA FILERS – YOUR DATA IS READY
The FFIEC’s Modified Loan/Application Register (LAR) has been updated to include your 2021 data. The modified LARs provide each financial institution’s loan-level HMDA data, as modified to protect applicant and borrower privacy.
FFIEC UPDATES BSA MANUAL
On December 1, 2021, the Federal Financial Institutions Examination Council (FFIEC) released one new section and updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Today’s updates affect the following sections: Introduction – Customers (new) Charities and Nonprofit Organizations Independent Automated Teller Machine Owners or Operators Politically Exposed Persons The updates should not be interpreted as new requirements or as a new or increased focus on certain areas. Rather, these sections provide […]
FFIEC PUBLISHES LIST OF DISTRESSED OR UNDERSERVED GEOGRAPHIES
On June 25, 2021, the Federal Financial Institutions Examinations Council (FFIEC) announced the availability of the 2021 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition. As with past releases, the agencies apply a one-year lag period for geographies that were listed in 2020 but are no longer designated as distressed or underserved […]