A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
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Contents Foreword _______________________________________________________ v<br />
Introduction<br />
Purposes of <strong>HMDA</strong> ___________________________________________________________ 1<br />
Data Collection, <strong>Reporting</strong>, and Disclosure in a Nutshell _________________________ 1<br />
Management's Responsibilities ________________________________________________ 2<br />
Who Must Report<br />
Coverage Criteria _____________________________________________________________ 3<br />
Definition of a “Branch Office” _________________________________________________ 5<br />
Mergers and Acquisitions _____________________________________________________ 5<br />
Exemptions Based on State Law _______________________________________________ 6<br />
Brokered or Correspondent Loans: Who Reports? _______________________________ 6<br />
Data <strong>Reporting</strong> in General<br />
The Loan/Application Register (LAR) ___________________________________________ 7<br />
Transactions <strong>to</strong> be Reported __________________________________________________ 8<br />
Information <strong>to</strong> be Reported about Each Transaction _____________________________ 8<br />
Transactions Not <strong>to</strong> be Reported _______________________________________________ 9<br />
Completing the LAR Step by Step<br />
Application or Loan Information ________________________________________________ 10<br />
Action Taken _________________________________________________________________ 12<br />
Property Location _____________________________________________________________ 13<br />
Applicant Information _________________________________________________________ 15<br />
Sale of the Loan ______________________________________________________________ 16<br />
Reasons for Denial ___________________________________________________________ 16<br />
Loan Price and Lien Status ____________________________________________________ 16<br />
Sources of Geographic Information (Geocoding Tools) _____ 18<br />
Census Tract Street Address Lookup Resources ________________________________ 18<br />
Census Tract Map Resources _________________________________________________ 18<br />
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