Guide to CRA Data Collection and Reporting

Posted By: Bville

Guide to CRA Data Collection and Reporting - 05/02/19 11:14 PM

Has the FFIEC's Guide to CRA Data Collection and Reporting been updated since 2015? If has anyone have a link to share?
Posted By: Bville

Re: Guide to CRA Data Collection and Reporting - 05/03/19 03:39 PM

What I really want to know is if there is still a CRA Code Type 4 (Home Equity). It seems like there should not be. Is there a Filing Instruction Guide for CRA?
Posted By: Reads Regs

Re: Guide to CRA Data Collection and Reporting - 05/07/19 01:56 AM

The guide hasn't been updated since 2015. There was an informational letter in 2016 that said to use the 2015 guide for 2016 CRA data.
https://www.ffiec.gov/cra/pdf/2016_CRA_Guide.pdf

The CRA file specs for 2019 mentions code 04 home equity. https://www.ffiec.gov/cra/pdf/2019Specs.pdf

If you are a HMDA reporter, you would be reporting all of your closed end credit home equity loans secured by a dwelling and your HELOCs if you exceed 500 on your HMDA LAR. Could code 04 perhaps still be available for an institution that didn't have to put their HELOCs on the HMDA LAR and chose to collect some data for those loans under CRA?
Posted By: Bville

Re: Guide to CRA Data Collection and Reporting - 05/07/19 02:06 PM

Thank you! I expected the 04 code to be gone since the phrase "home equity" was removed from the definition of "consumer loan."