Calendar of Events

The New HMDA Rule: Implementation Challenges

01/29/2018, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

The New HMDA Rule: Implementation Challenges


Presented by Carl Fry
Monday, January 29th, 2018
1:30 pm - 3:30 pm CT
 

Covered Topics:

  • Details of the new coverage rules – who collects and submits information, and when
  • What types of loans are reportable now, and changes happening for collecting 2018 data
  • The new dwelling-secured loan standard – what does this impact?
  • Changes in the commercial loan area
  • How to handle HELOCs
  • New LAR fields – moving to 53 fields, but with many additional data requirements
  • New categories of reporting, including information on the property, loan type, and loan features; plus identification information
  • Changes on how GMI is reported
  • Changes to the submission process
  • Quarterly reporting for some institutions
  • How the public obtains HMDA information changes
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