Did you know that reporting the Rate Spread for HMDA will change in 2018? You will be required to report the Rate Spread even if it does not exceed the HPML thresholds over the Average Prime Offer Rate (APOR)! The only time you won’t report a Rate Spread in 2018 is if the loan/line is not originated (except for approved not accepted) or the loan/line is not subject to Regulation Z. This comes as a surprise to many and it’s just one of the many changes to the 2018 HMDA Data. Are you familiar with the changes to the other data fields?
Join on June 8, 2017, for our 2018 HMDA Data webinar. We will walk you through the 2018 data fields and share some tips and tricks along the way!
Deb joined Banker’s Compliance Consulting with twenty years of experience in the banking industry. Her past positions include teller, credit review analyst, assistant financial officer, BSA Officer, Compliance Officer, and Director of Compliance. She has worked for both a small community bank and a large billion-dollar bank.
Deb has Associate Degrees in Business Management and Accounting. She is a graduate of the American Bankers Association National Graduate School of Compliance Management, an honors graduate of Schools of Banking Compliance School, and a graduate of Schools of Banking Advanced School of Banking. Deb’s considerable knowledge and experience make her a valuable member of the Banker’s Compliance Consulting Team. Deb is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money-Laundering Specialist (CAMS).
Deb loves to spend her free time cycling, running, kayaking and weight lifting with her husband. Between them, they have three adult children and six grandchildren. Other interests include anything outdoors and anything she hasn’t done or seen yet!