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Home » Store » News » Countermove to Bad HMDA Press Eyed in ‘05

Countermove to Bad HMDA Press Eyed in ‘05

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The Mortgage Bankers Association is preparing to counteract any potential fallout that might result from next year’s public disclosure of new pricing, race and ethnicity data which lenders are reporting for the first time under the Home Mortgage Disclosure Act. The MBA has begun to map out its preemptive strategy in response to mounting industry concern about possible misinterpretation of the data to portray mortgage lenders as discriminatory and, in a more troubling new twist,…
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