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#1859947 - 10/09/13 05:19 PM CFPB issues HMDA CMPs
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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One bank, one non bank mortgage lender!

Info re error tolerance is also included.

http://www.consumerfinance.gov/newsroom/...loan-reporting/
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Kathleen O. Blanchard, CRCM "Kaybee"
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#1860001 - 10/09/13 06:05 PM Re: CFPB issues HMDA CMPs Kathleen O. Blanchard
TMatt87 Online
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TMatt87
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Washington Federal had an error rate of 38% according to the consent order. shocked
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#1860031 - 10/09/13 06:36 PM Re: CFPB issues HMDA CMPs TMatt87
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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I have seen error rates like that when I audit. It then gets fixed. eek
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HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1860097 - 10/09/13 07:29 PM Re: CFPB issues HMDA CMPs Kathleen O. Blanchard
TMatt87 Online
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In the bulletin posted on the same page, it states the CFPB is currently using the same error tolerances as the FRB

Bulletin:
http://www.consumerfinance.gov/f/201310_cfpb_hmda_compliance-bulletin_fair-lending.pdf

FRB tolerances:
http://www.federalreserve.gov/boarddocs/caletters/2004/0404/CA04-4Attach3.pdf.
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#1860203 - 10/10/13 12:14 PM Re: CFPB issues HMDA CMPs Kathleen O. Blanchard
DeeQ Offline
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Turnpike Exit 10
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#1860205 - 10/10/13 12:30 PM Re: CFPB issues HMDA CMPs Kathleen O. Blanchard
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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Without a good process, HMDA data management will not succeed. HMDA takes training, study, and a strong process. Otherwise, the bank is learning one mistake at a time.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1860220 - 10/10/13 01:18 PM Re: CFPB issues HMDA CMPs Kathleen O. Blanchard
JWills, CRCM Offline
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The Mitten State
I have been what our bank calls 'The HMDA Queen' for over 15 years. It is something not to be taken lightly. Can't say that I love it, but it gets done. I can hardly wait for the new changes whenever they get here. Hopefully not for a long time.
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