Month: July 2020

  • How Well do You Really Know Your HMDA Peers?

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    by

    Matt Piven
    in ,

    Questionable HMDA annual income values can compromise the integrity of fair lending and Community Reinvestment Act (CRA) analysis. This field seems straightforward, right? The lender reports the “gross annual income relied on in making the credit decision”. The lender should “round all dollar amounts to the nearest thousand”. The 2020 Filing Instruction Guide (FIG) also…

  • Interesting Facts About the 2019 HMDA Data

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    by

    Dana Ginsburg
    in

    The CFPB released the final 2019 National Snapshot HMDA data about three months earlier than last year, and ComplianceTech has refreshed LendingPatterns™ with the latest data.  An initial review of the data reveals the following interesting facts. There were a total of 5,508 lenders who reported over 17.5 million mortgage LAR records. Of those records:…