Is 2018 HMDA feeling like the “Hokey Pokey” to you? Will you have one arm in? both arms in? or maybe your whole body will be out?! If you made less than twenty-five closed-end dwelling secured loans in 2016 or 2017, you won’t have to report them in 2018. But, what if Home Equity Lines of Credit (HELOC) are your niche? Under the 2018 HMDA rules, you may be required to report HELOCs, if you originated 500 or more in 2016 AND 2017 (and you also meet the Asset and MSA tests).
Luckily, we are here to help you do the dance! Join us on October 18, 2017, for our 2018 HMDA Coverage Webinar. We will take an in-depth look at who’s covered, what’s covered, what’s not covered and much, much more!