Home Mortgage Disclosure Act (HMDA)
In This Section
On October 15, 2015 the Consumer Financial Protection Bureau (CFPB) issued a new final Home Mortgage Disclosure Act (HMDA) rule that includes significant changes to the reporting requirements for lenders under HMDA, as well as changes in coverage of institutions andtransactions and reporting. Below, find links and materials to help you be compliant with the HMDA ruling.
MBA has a wide variety of products and services to help you prepare. No matter what your appetite is for information on HMDA — We've got you covered.
HMDA Resource Guide
Written by leading legal experts and edited by MBA's Vice President & Regulatory Counsel, Ken Markison, this detailed resource guide covers background about the rule, individual data points and the new institutional and transactional coverage requirements.You'll also have the information you need to create key policies and procedures around self-assessment, data integrity and data security.
HMDA Implementation Workshop
Over the past year, MBA and the Compliance Essentials program held rigorous full-day discussions on the new HMDA rule. Industry experts discussed how to manage the challenges presented by the Rule including making needed systems and operations changes. This workshop is for both Residential and Multifamily lenders. Upcoming 2017 offerings will be announced soon.
Webinar Recordings and Self Study Courses
The 2015 Update to the HMDA Rule course provides an overview of these important changes. The course includes a brief background on the origins and purposes of HMDA and explains how the Dodd-Frank Act drives the changes in the 2015 HMDA rule. Next, the course presents the key changes to the rule, including coverage criteria for institutions, covered transactions, new data fields, and the new reporting process. The course concludes with a discussion of the impacts of these changes for lenders and what lenders should start thinking about today to ensure a successful implementation.
From August 16, 2016 Webinar
The fair lending landscape continues to evolve. Our panel of leading legal and compliance professionals helped participants understand new challenges and then what steps you should be taking now to maximize compliance. Attendees learned how the new HMDA data points may be used to make Fair Lending inferences and the legal context in which these inferences will be made. Panelists also helped attendees understand the importance of data accuracy leading up the HMDA implementation and how lenders can accurately perform a self-analysis of their data.
From June 10, 2016 Live Stream
MBA and industry experts discussed all aspects of the Rule as well as the implementation, compliance and possible fair lending challenges it will present for mortgage lenders. Learn how industry experts including your peers are planning to manage the challenges presented by the Rule including making needed systems and operations changes. Leave this workshop understanding what your management, staff, and vendors need to be doing now, and what resources you need to be committing to this effort moving forward. Both Residential and Multifamily lenders are encouraged to attend this workshop as MBA sets the stage for the coming implementation.
This upcoming event includes sessions that cover this rule:
May 7-10 | InterContinental Miami | Miami, FL
Attend MBA's Legal Issues and Regulatory Compliance Conference to get comprehensive and up-to-date information on regulatory initiatives, litigation, legislation and enforcement activity impacting our industry.