Learn more about the S.2155 HMDA Exemptions that went into effect in May 2018 in this RiskExec blog post. Click to read now.
Learn more about the S.2155 HMDA Exemptions that went into effect in May 2018 in this RiskExec blog post. Click to read now.
HMDA & CRA Expanded Tract Categories Users can now utilize expanded tract categories in the filter capabilities directly within the HMDA and CRA modules. The filter now includes options for Majority Minority Census Tracts (MMCT), Majority-Black Census Tracts (MBCT), Majority-Hispanic Census Tracts (MHCT), Majority-Black-Hispanic Census Tracts (MBHCT), along with all corresponding High tract categories (tracts […]
The Illinois legislature recently amended provisions of its Residential Mortgage License Act (“Act”), effective December 19, 2018. The Consumer Financial Protection Bureau (“CFPB”) announced the asset-size exemption thresholds for 2019 for Regulation C and Regulation Z. Illinois House Bill 5542 Licensees under the Act who are not filing a Mortgage Call Report with the Nationwide […]
When it comes to the new HMDA rules, you can't be too prepared for submissions. Make sure you have everything covered.
The expanded definition of loan types required leads to an increase in the number of submission errors and omissions. Learn how to distinguishing between them to minimize these in future submissions.
Here’s what you need to know about the new 2018 HMDA Platform, and how it will impact your submissions.
Between 2015 and 2016, the residential home market increased by one million originated loans with a total of two million records.
This updated file has resulted in 20,843 changed tracts. There are now 22,671 LMI tracts as opposed to 21,760.
Regression analysis segmentation modified for up to 5 segmentation variables.
Determining the location of marketing campaigns is essential. Uncover best practices to avoid the risk for redlining activity and to stay compliant.
It can be difficult to even know for certain that redlining is occurring at your own financial institution. Uncover the fundamentals to take into account that will help avoid the risk of redlining.