OCC Contacts Subprime Lenders About HMDA Data Analysis
October 4, 2004
Banks with large mortgage operations that haven’t yet started to evaluate the Home Mortgage Disclosure Act data they will report in 2005 had better get started, the Office of the Comptroller of the Currency has warned. “Bankers should not be sitting on their hands. We are entering the fourth quarter of 2004. All banks should be doing some form of preliminary analysis of their HMDA data by now,” said Julie Williams, OCC chief counsel and…