2018 HMDA Demographic Information Webinar
On January 1, 2018, (less than 12 months away!), you MUST start using the new Fannie Mae Form 1003 with the new Demographic Information. But, did you know you can actually start using the new 1003 Form now? Whether you do or don’t is a management decision but what if you do? If you use the new 1003 and collect demographic information in 2017, you obviously will not report it on the 2017 LAR, because the new fields won’t be on the LAR. On the other hand, if you use the new 1003 in 2017 and the loan doesn’t close until 2018, you have the “option” of reporting the demographic information on the 2018 LAR OR you could just report as we do today.
There’s a lot of changes when it comes to the new Demographic Information and it’s much more complex than today’s rules. Join us for our one-hour 2018 HMDA Demographic Information Webinar on March 16, 2017, get the answers to your burning questions.
Published
2017/03/09
Deb Irving
David Dickinson
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.