Post on 12-Jul-2020
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
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.
Start Now
History Lesson
History Lesson (2)
Final Rule
Who is covered?
Transactions Covered?
Transactions covered (2)
Thresholds
Data Points
When are the critical dates?
Previous Data Points
New Data Points
Data Collection
Implementation Strategies
End to end
Analysis
Timelines
Where are you?
Where should I be
Laws
New HMDA Data
Can it be?
Big Considerations
Information available
Information Available (2)
Investment
Thank you for attending!
• Questions & Answer
• Reference Material
– X
– X
– X
– X