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.
Category: Regulation C
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 […]
FINAL 2022 LENDING THRESHOLDS PUBLISHED
On December 23, 2022, the Consumer Financial Protection Bureau (CFPB) published the final 2022 lending thresholds. The CFPB published a final rule amending Regulation C to reflect the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the 4.7 percent increase in the average of the CPI-W for the 12-month […]
REVISED HMDA EXAMINATION PROCEDURES
On December 17, 2021, the Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2021-63, which contains interagency Home Mortgage Disclosure Act, (HMDA) examination procedures. The revised procedures address changes to: The effective dates for banks that meet or exceed either the closed-end mortgage loans or the open-end lines of credit loan-volume threshold in each of the two preceding calendar years: Effective July 1, 2020, a bank, savings association, or credit union that […]
CFPB CONSIDERING HMDA REVISIONS
During the Trump administration the Trump CFPB shrunk the HMDA requirements. Now the Biden CFPB, “plans to review recent changes to the rule and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to maintain a fair, competitive, and non-discriminatory mortgage market.” On November 16, 2021, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). Specifically, the CFPB will […]