State of HMDA in 2020

Date:

Feb 6, 2020

We’re now a couple years into the “new age” of HMDA – increased coverage requirements, data collection and submission, as well as risk. How are you doing with all this? The CFPB is not yet done in amending the rule; they have a couple proposals outstanding around reporting thresholds and the data elements. But for 2019’s submission season, it’s the same as 2018. But that also means we’re beyond the “good faith efforts to comply” stage of data integrity expectations from the agencies. We’ll review all the pain points of HMDA, including for action taken and various of the data points. We’ll also address a number of questions: What will examiners be looking at it? What are the fair lending issues and risks you need to be aware of after submission? We’ll discuss the current state of HMDA so close to submission in this session and get some of your questions answered.