I am in the process of checking over HMDA and scrubbing for edits. I uploaded data to the CFPB Platform and got back 98 Q654 Edits. This edit states, "If Income is greater than $5,000 (reported as 5) and Action Taken equals 1, 2, or 8, the DTI should generally be between 0 and 80."
We are following the 2018 rule and utilizing the Exempt option for the majority of the fields...one of which is Debt-to-Income. Is anyone else receiving this edit message? And if so, how are you correcting this?