Posted By: Chocaholic
no longer HMDA filer - 05/05/17 08:23 PM
We have determined we no longer meet the over 25 threshold nor at this time the HELOC threshold... so my question, we no longer need to collect gov't monitoring information correct? I realize we still need to collect fair housing information so should be continue HMDA data for 2017 although not report and discontinue in 2018?
Confused
Posted By: rlcarey
Re: no longer HMDA filer - 05/07/17 12:17 PM
You still have to collect GMI under Regulation B for loans covered under 1002.13.
Posted By: Dan Persfull
Re: no longer HMDA filer - 05/08/17 12:47 PM
So you are saying as of December 31, 2016 you no longer met the requirements to collect data in 2017?
Posted By: Chocaholic
Re: no longer HMDA filer - 05/09/17 09:48 PM
yes, that is correct.
I understand Reg. B has some requirements to collect on dwellings that are principal residences and some requirements under FHA as well.