A Guide to HMDA Reporting - ffiec

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