by Debbie Malzahn | Nov 29, 2023 | blog, CFPB, HMDA, Uncategorized
In light of recent news regarding Bank of America’s penalties for inaccurate reporting under the Home Mortgage Disclosure Act (HMDA), it’s evident that precise reporting and adherence to HMDA regulations are paramount. Leveraging advanced HMDA analytical...
by Matt Piven | Nov 6, 2023 | blog, HMDA
It’s now been five years since the HMDA reporting requirements were dramatically expanded in 2018, and, in my assessment, there continue to be substantial data quality concerns. In this blog, I will focus specifically on one field, the debt-to-income (DTI) ratio,...
by Dana Ginsburg | Aug 16, 2023 | blog, Credit Unions, Fair Lending, HMDA
Free eBook: Fair Lending for Credit Unions FREE DOWNLOAD Send download link...
by Dana Ginsburg | Jan 6, 2022 | HMDA
Maintaining Your HMDA Data Accuracy to Avoid Penalties When it comes to your client’s data, your main priority should rightly be keeping it secure from any third parties. However, when the time comes to deliver the data and you have accidentally omitted a piece of...
by Debbie Malzahn | Dec 20, 2021 | blog, HMDA
HMDA data is both a recurring concern and a useful tool for financial institutions. Banks, credit unions, and independent mortgage companies have to submit HMDA every year or risk the penalties so that all of this data can then be viewable to the public and can paint...
by Dana Ginsburg | Dec 5, 2021 | blog, HMDA
When it comes to your client’s data, your main priority should rightly be keeping it secure from any third parties. However, when the time comes to deliver the data and you have accidentally omitted a piece of information, it can have serious consequences for you...
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