HMDA Coverage

Be sure to JOIN US on April 9, 2020, for our webinar, “HMDA Covered Transactions”. 

The HMDA Lowdown

When it comes to HMDA, any type of improvement to the real property is a “home improvement” loan.  So, if a loan is for underground sprinklers, landscaping, etc., it’s a home improvement loan.  Now that’s all fine and dandy if you are talking about a 1-4 family dwelling.  When you start talking about improvements to a dwelling with five or more units, the answer could change.

Click on the video to listen to David explain more.

Other Upcoming Lending Webinars:

March 31stTRID: Changed Circumstances & Revised Disclosures

April 2ndAbility to Repay, QM, High Cost & Higher Priced Mortgage Loans

April 9thHMDA Covered Transactions

April 14thApplicants & Applications

April 16thHMDA Data for Large Filers

April 23rdHMDA Data for Small Filers

Published
2020/03/30
Dave Dickinson

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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.

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