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HMDA Errors

Answered by: 
Kathleen Blanchard

Question: 
How do we determine that our HMDA error ratio is acceptable? Is there some guidance from the regulators that list acceptable percentages?
Answer: 

A discussion by the Federal Reserve of HMDA resubmission standards based on error rates is available here.

Information on sampling procedures and key fields is available here.

First published on BankersOnline.com 3/22/10

First published on 03/22/2010

Filed under: 
Compliance
Filed under compliance as: 
Federal Reserve
HMDA
Regulators

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