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Home » Store » News » MBA to Counteract Potential Negative Effects of New 2004 HMDA Pricing Data

MBA to Counteract Potential Negative Effects of New 2004 HMDA Pricing Data

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The Mortgage Bankers Association is mapping out a strategy to fend off media attacks and fair lending lawsuits against lenders that might arise once new pricing data in the 2004 Home Mortgage Disclosure Act reports become public next year. The industry is growing more concerned that the data, which are being reported for the first time under HMDA, might be misinterpreted in ways that could make mortgage lenders appear to be discriminatory and predatory. As…
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