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Home » Store » News » Fed Readies New HMDA Reporting Schemes While Industry Reports Few Compliance Bumps

Fed Readies New HMDA Reporting Schemes While Industry Reports Few Compliance Bumps

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A proposed rule issued by the Federal Reserve Board last week has given mortgage lenders a glimpse into how data collected under new Home Mortgage Disclosure Act reporting requirements will be presented to the public. Although the industry appears to be in good shape in terms of compliance with the revised HMDA reporting rules, there is concern about how the most controversial aspect
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