Month: August 2018

  • Where are the biggest movers in 2018 median family income stats?

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    Matt Piven
    in

    On August 16, the Federal Financial Institutions Examination Council (FFIEC) released 2018 median family income (MFI) statistics for metropolitan areas to be used in fair lending and CRA analysis.  This blog presents some interesting discoveries when comparing 2018 to 2017 MFIs. (The 2018 MFIs are live in Fair Lending Magic™ and will be live in…

  • Four Problems Our Software Can Help You Solve

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    by

    Dana Ginsburg
    in

    In order to thrive in the lending business, you need to identify market opportunities, formulate lending benchmarks, and adopt lending best practices. While all these tasks can be challenging, ComplianceTech can help you make them simpler thanks to our software products: LendingPatterns™ and Fair Lending Magic™. We’ve been helping companies of all sizes since 1992,…

  • I Have Some Suggestions on HMDA Peer Selection

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    by

    Debbie Malzahn
    in

    Defining HMDA peer groups is critical for fair lending benchmark performance evaluation.  I’m often asked, “How do regulators define a peer group?”  Regulators don’t define peer groups; they offer guidance.  For example, they expect lenders to know who their competitors are in their primary lending areas.  See below for links to CFPB and FRB guidance.…