Yesterday, the CFPB released the 2024 HMDA Filing Instructions Guide (FIG). In case you haven’t used a FIG before, it is a technical resource designed to help HMDA covered financial institutions file annual HMDA data. The 2024 HMDA FIG is for filing data collected in 2024 and reported in 2025. The 2024 HMDA FIG, as well as other resources for HMDA filers can be found here. ______ If you’d like to take a closer look at […]
Tag: HMDA Tools
CFPB RELEASES HMDA PLATFORM FOR BETA TESTING
Finally, HMDA covered financial institutions can view another piece to the never-ending puzzle of HMDA tools from the CFPB. The HMDA Platform was released today for beta testing. Starting with 2017 data collected, financial institutions are required to report HMDA data to the CFPB. The platform must be utilized by all HMDA reportable financial institutions to submit their data required by March 1, 2018. The Bureau did clarify the reason for the release was to […]