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HMDA data must be scrubbed

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I read about HMDA data problems with Freedom Mortgage. What was the real issue?

Freedom Mortgage submitted erroneous HMDA 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.
Learn more about Andy Zavoina’s Fair Lending, 2022 is a New Mindset webinar.

First published on 05/15/2022

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