HMDA, are you ready? · 2016-11-15 · COMPLIANCE CONFERENCE 2016 #MBAREGCOMP16 MBa . MORTGAGE BANKERS ASSOCIATION OF ALABAMA ... Lessons learned from TRID implementation MBa REGULATORY

HMDA, are you ready?

Ron Crowe, Affiliate Board Director & Co-Chair Legislative & Regulatory Committee

https://www.mba.org/issues/residential-issues/the-new-home-mortgage-disclosure-act-rule

What is HMDA and why is it important

• Regulation C implements the Home Mortgage Disclosure Act (HMDA), which was amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). On July 24, 2014, the Bureau issued a proposed rule to amend Regulation C, which was published in the Federal Register on August 29, 2014 (the 2014 HMDA Proposal or the proposal).1 The Bureau is publishing final amendments to Regulation C modifying the types of institutions and transactions subject to the regulation, the types of data that institutions are required to collect, and the processes for reporting and disclosing the required data.

Start Now

History Lesson

History Lesson (2)

Final Rule

Who is covered?

Transactions Covered?

Transactions covered (2)

Thresholds

Data Points

When are the critical dates?

Previous Data Points

New Data Points

Data Collection

Implementation Strategies

End to end

Analysis

Timelines

Where are you?

Where should I be

Laws

New HMDA Data

Can it be?

Big Considerations

Information available

Information Available (2)

Investment

Thank you for attending!

• Questions & Answer

• Reference Material

– X

– X

– X

– X