My FI has never had HMDA issues before; why do I need this course?
Who should really attend a HMDA Scrubbing and Submitting course?
I heard the CFPB is changing the HMDA reporting thresholds for smaller FIs. How does that impact me?
Our borrower inherited half of her father's farm. We made a loan for her to buy her sister's half. The loan is secured by the farm. Our customer is going to rent out the land and the home. She won't be farming it herself but will be receiving rental income from it. Does this qualify for the agricultural exemption for HMDA?
Are you one of the 1,700 HMDA reporting institutions that was required to start collecting and reporting data in 2023? Here’s where to start.
Could you benefit from a comprehensive HMDA training course to ensure your data is ready for submission?
We do a lot of construction loans. Thee are one year, temporary financing loans. Our permanent financing of these mortgages have been treated as purchases for years. We converted to a new LOS and it is giving us compliance alerts for the same practices. Should these be refinances for HMDA purposes and should they have a rescission period?
We have loan that has three applicants. One will live at the property but has no credit. The other two had the credit and income. Since there are only two places to record DOB and Credit Scores for HMDA, which ones do you use?
We have a purchase mortgage application that was approved with all underwriting conditions met. In review of the title run it was discovered the seller could not convey a clear title to the property. We did send the borrower a Notice of Action for Incomplete Application giving 10 days for clear title to be received. For HMDA purposes would the Action Taken be Approved Not Accepted or Denial?
We have a HELOC that is going to pay off a tax lien on a dwelling. Should the purpose be reported as "Refinance" or "Other" for HMDA purposes?