If you’re a HMDA Bank, you’re probably all too aware that January 1st is right around the corner. The CFPB is apparently aware of this too, as they recently released some updates
A new Reportable HMDA Data Reference Chart was released and updates were announced to the 2018 Filing Instructions Guide and Collection and Reporting of HMDA Information about Ethnicity and Race.
As for the Platform, the latest word from the CFPB is that it will be available to everyone later this fall. A demonstration video is reportedly also going to be available soon. In the meantime, you may find the File Format Verification Tool helpful to make sure that your data will meet certain HMDA Platform filing requirements. The LAR Formatting Tool can also be used to create a file that can be submitted to the HMDA Platform.
You can check for additional updates on the Resources for HMDA filers page.
Published
2017/10/20
Diane Dean