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HMDA, are you ready?
Ron Crowe, Affiliate Board Director & Co-Chair Legislative & Regulatory Committee
https://www.mba.org/issues/residential-issues/the-new-home-mortgage-disclosure-act-rule
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What is HMDA and why is it important
• Regulation C implements the Home Mortgage Disclosure Act (HMDA), which was amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). On July 24, 2014, the Bureau issued a proposed rule to amend Regulation C, which was published in the Federal Register on August 29, 2014 (the 2014 HMDA Proposal or the proposal).1 The Bureau is publishing final amendments to Regulation C modifying the types of institutions and transactions subject to the regulation, the types of data that institutions are required to collect, and the processes for reporting and disclosing the required data.
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Start Now
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History Lesson
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History Lesson (2)
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Final Rule
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Who is covered?
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Transactions Covered?
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Transactions covered (2)
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Thresholds
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Data Points
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When are the critical dates?
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Previous Data Points
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New Data Points
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Data Collection
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Implementation Strategies
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End to end
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Analysis
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Timelines
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Where are you?
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Where should I be
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Laws
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New HMDA Data
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Can it be?
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Big Considerations
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Information available
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Information Available (2)
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Investment
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Thank you for attending!
• Questions & Answer
• Reference Material
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