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CFPB issues HMDA FAQs - Multiple Data Points

July 31, 2020 / Source: CFPB

CFPB issues HMDA FAQs - Multiple Data Points

Today, the Bureau released two HMDA FAQs in response to questions it has received. The FAQs cover reporting requirements for certain data points, and specifically discuss reporting when the information is not the dispositive factor in a credit decision.

You can access the FAQs here:https://www.consumerfinance.gov/policy-compliance/guidance/mortgage-resources/hmda-reporting-requirements/home-mortgage-disclosure-act-faqs/.