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HMDA data must be scrubbed

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What was the HMDA data problem from 2019?

Freedom Mortgage submitted erroneous HMAD data, particularly the GMI. The CFPB claimed it was reported incorrectly and on an intentional basis in many cases. Among other things this lead to a $1.75 million penalty.


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Fair Lending Should be on Your Radar Now

First published on 08/16/2020

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