HMDA

FHFA Publishes Final Rule on the FHLBanks’ Housing Goals

Eric NymanPosted on June 17, 2020

On June 3, the Federal Housing Finance Agency (FHFA) sent for publication a final rule on the Federal Home Loan Banks’ Housing Goals, which eliminates the retrospective evaluation using HMDA data and set a single prospective mortgage purchase housing goal as a share of each FHLBank’s total Acquired Member Asset purchases. The rule also sets a new small member participation housing goal for participation by small institutions, eliminates the volume threshold and simplifies the eligibility criteria to enable federally backed loans sold by small institutions eligible to count for goals purposes. Release.

Bureau Issues Rule to Implement and Clarify New HMDA Amendments

Joanna HernandezPosted on September 10, 2018

On August 31, Bureau of Consumer Financial Protection (the “Bureau“) issued an interpretative and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which amended the Home Mortgage Disclosure Act (“HMDA“). Release.

Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program

Editorial TeamPosted on November 27, 2017

On November 20, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency each modified their respective regulations in large part to align with “changes made by the Consumer Financial Protection Bureau [] to Regulation C, which implements the Home Mortgage Disclosure Act[] (“HMDA“).” These changes will be put into effect on January 1, 2018. FDIC Release. Federal Reserve Release. OCC release.

Finance 20/20