Wisdom HMDA reporting: An extensive guide for loan providers
The home Financial Disclosure Operate, or HMDA, is actually a federal rules that requires mortgage lenders to save data and records regarding their financing strategies. These details must also feel published to the brand new regulatory government so credit associations is inside compliance in an effort out-of HMDA, which is observe fair credit which will make openness and protect borrowers.
The latest legislation out of HMDA should be challenging to keep track of, however, all the mortgage loan loan providers must know in the HMDA reporting. Otherwise, they might deal […]