Home Mortgage Disclosure Act (HMDA)

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.


Webinar Recordings and Self Study Courses

The Update to the HMDA Rule - Self Study Course

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.

HMDA Reporting and its Fair Lending Implications - Webinar Recording

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.

HMDA Workshop (Chicago, IL) Live Stream - Live Stream Recording

From March 29, 2017 Live Stream
Building off of the information provided in the 2016 workshops and at MBA Conferences, this workshop takes a fresh look at the latest news, strategies and pain points surrounding implementation. A panel of MBA and industry experts, including the CFPB, covers the information and tools your company needs to ensure that you are taking the appropriate steps to mitigate Fair Lending risk, improve data accuracy, and establish self-testing plans so you fully understand how your data will look to regulators.

This upcoming event includes sessions that cover this rule:

Regulatory Compliance Conference

September 17-19 | Grand Hyatt Washington | Washington, DC

Attend MBA's Regulatory Compliance Conference to get comprehensive and up-to-date information on regulatory initiatives, litigation, legislation and enforcement activity impacting our industry.

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