Collateral is the subject of many changes and clarifications in the 2018 revised HMDA rules. Some of the clarifications apply to current HMDA rules, beginning with your 2017 data. It is important to understand the changes and to know what applies before 2018 and is simply being clarified, and what will go into effect in 2018.
This webinar will review property-related issues and will go into detail on the different property and transaction types, including:
- Multiple properties as collateral
- Dwellings excluded from HMDA reporting - there are several cases where even a primary residence is not reported
- Mixed use properties including assisted living and group homes
- Reporting of multiple properties as collateral
- Multifamily communities
- Manufactured home communities
- Vacation homes
- Transitory residences
This webinar is appropriate for anyone who deals with HMDA:
- Compliance Officers
- Loan Operations
- Lenders
- Quality Control
- Auditors