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Home » Significant Expansion Set for HMDA Reporting
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Significant Expansion Set for HMDA Reporting

October 16, 2015
The Consumer Financial Protection Bureau issued a final rule this week that will significantly expand the data collected under the Home Mortgage Disclosure Act. Many of the newly required data fields are aimed at giving federal regulators better information regarding discriminatory lending practices. The reporting requirements will start to take effect at the beginning of 2018. Among the new fields required to be reported under HMDA are credit scores, debt-to-income ratios ...
News Inside Nonconforming Markets Inside the CFPB Securitization Regulation HMDA
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