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Home » Store » News » Citi HOEPA Revelations Underscore Challenges Of New HMDA Reporting Requirements

Citi HOEPA Revelations Underscore Challenges Of New HMDA Reporting Requirements

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Subprime mortgage lenders could be in for a long hot summer as new Home Mortgage Disclosure Act data prompt probes of their lending practices. The first clear sign of possible trouble emerged last week in New York, where Attorney General Eliot Spitzer asked several major lenders active in the state to provide more information about their businesses after initial reviews of their HMDA data showed significant pricing disparities among racial and ethnic groups. …
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