HMDA Data Reporting

hmda-data-reporting-april-2021
HMDA: Data Reporting

When it comes to interpreting the HMDA requirements, the words “and” and “or” can make a big difference. Thus, it’s important to pay close attention to not only the Regulation and Commentary but also to other resources, such as the Filing Instructions Guide.  A couple of examples for where this comes into play are with the Income data field and the Monthly Debt-to-Income Ratio data field. More specifically, what to report for each field when you have an applicant or applicants that are not natural persons.

Dave explains more in the video!

Published
2021/04/20

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