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Home » Store » News » Four Years of HMDA Error Didn’t Affect Fair Lending Analysis

Four Years of HMDA Error Didn’t Affect Fair Lending Analysis

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CitiFinancial said that a recent internal systems fault that led to its failure to report thousands of mortgage loan transactions as required by the Home Mortgage Disclosure Act caused no change to its fair lending analysis of pricing disparities nationwide. In a recent settlement agreement with state mortgage regulators, the Citigroup subsidiary said an expert consultant concluded...
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