Bio:
Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks.
Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com
Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.
Areas of Expertise:
AML/BSA Independent Audits
Compliance Audits
Compliance Consulting
Compliance Review
CRA
HMDA Analysis
Questions Answered
08/07/2016
We have heard that under the new HMDA rules effective in 2018, for loans secured by multiple dwellings, we will have to choose one and report only that one on the LAR. How do we choose which property to report?
07/24/2016
If an applicant selects every choice under Hispanic or Latino, including completing the free form text field for “Other,” what should we report under the new HMDA rules coming in 2018?
07/17/2016
We finance 1-4 family properties and multifamily properties for a local investor who rents to low/moderate income families who sometimes utilize Section 8/ Housing Choice vouchers. Under the new HMDA rules going into effect in 2018, should we report the units rented under this program as affordable units?
07/10/2016
We sometimes originate dwelling secured transactions via modifications that work just like New York CEMAs, that will be reportable for HMDA beginning in 2018, but the property is not in New York. Should we report it when everything else about the transaction is the same?
07/03/2016
Under the revised HMDA rules going into effect in 2018, how is an application reported in the following situation? The application is approved subject to a satisfactory appraisal, clear title and acceptable title insurance; but the applicant withdrew before providing the requested items.
06/05/2016
I heard that even the HOEPA indicator will be changed under the new HMDA filing rules effective in 2018. Is that true?
05/29/2016
What happens under the new HMDA rules with applications taken in 2017 on which final action is completed in 2018? Which format gets used?
05/22/2016
Is it true that property type will no longer be reported under the new 2018 HMDA rules?
05/15/2016
New file specifications were issued for 2017. What does that mean for submission of 2017 data?
05/08/2016
What types of definitions are borrowed from Regulation Z for use in HMDA filing under the new (2018) rules?
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