“HMDA data provide information on mortgage lending patterns and trends that allow regulators, lenders, researchers, and the public to better understand and address redlining concerns by identifying possible discriminatory lending patterns, and monitoring compliance with and enforcement of statutes, like the Community Reinvestment Act; and Federal anti-discrimination laws, like the Equal

On April 16, 2020, the Bureau issued a 2020 HMDA Rule to adjust the thresholds for reporting data about closed-end mortgage loans, effective July 1, 2020, and the thresholds for reporting data about open-end lines of credit, effective January 1, 2022. 8 6. 83 FR 45325 (Sept. 7, 2018). 7. 84 FR 57946 (Oct. 29, 2019). 8. 85 FR 28364 (May 12, 2020).

The new closed-end loan threshold is effective July 1, 2020. Resources to help industry understand, implement, and comply with the Home Mortgage Disclosure Act and Regulation C. Featured topic On October 16, 2020, the Bureau published the 2021 Reportable HMDA Data: A regulatory and reporting overview reference chart. The CFPB also announced the release of the Supplemental Guide for Quarterly Filers that also applies to 2021 data. HMDA requires the quarterly reporting of data only for financial institutions that reported for the preceding calendar year at least 60,000 covered loans and applications, combined, exclusive of purchased covered loans. The 2021 thresholds, effective on January 1, 2021, are the same as the 2020 thresholds. Appraisals for Higher-Priced Mortgage Loans Exemption Threshold The exemption threshold for 2021 will remain at $27,200 based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) in effect as of June 1, 2020.

On December 22, 2020, the CFPB adjusted the HMDA exemption threshold from $47 million to $48 million. The adjustment is based on the 1.3 percent increase in the average of the CPI-W for the 12-month period ending in November 2020 (down from 2.6 in 2018 and 1.6 in 2019). On April 16, 2020, the Bureau issued a 2020 HMDA Rule to adjust the thresholds for reporting data about closed-end mortgage loans, effective July 1, 2020, and the thresholds for reporting data about open-end lines of credit, effective January 1, 2022. 8 6. 83 FR 45325 (Sept. 7, 2018).

HMDA Open-End Credit Threshold Maintained through 2021 On October 10, 2019, the CFPB released a final rule (not yet published in the Federal Register) 29 Mar 2021 The 2021 edition reflects updates to incorporate content from the HMDA Rule issued by the Consumer Financial Protection Bureau in April 17 Mar 2021 Q: When does the HMDA Partial Exemption Apply? (HMDA) partial exemption applies based on a loan-volume threshold for originations Bank A would receive the partial exemption in 2021 for closed-end mortgage loans.

2020-12-30 · Modifications to the thresholds for reporting closed- and open-end transactions in HMDA. The closed-end thresholds adjusted in July 2020. See this chart as a reference. 3. The CFPB in March 2020 allowed large HMDA reporters to indefinitely delay quarterly reporting. 4. The 2019 HMDA Snapshot data were released in June 2020. 5.

The 2021 guide reflects a 2020 HMDA rule to adjust the thresholds for reporting data about closed-end mortgage loans, effective July 1, 2020, and the thresholds for reporting data about open-end lines of credit, effective January 1, 2022. 1 2020-04-16 · The CFPB recently issued a final Home Mortgage Disclosure Act (HMDA) rule to increase the threshold to report closed-end mortgage loans from 25 to 100 originated loans in each of the prior two years, and to increase the permanent threshold to report dwelling-secured open-end lines of credit from 100 to 200 originated lines in each of the prior two years. 2020-12-28 · With 2021 still feeling pretty new, do you ever start to think, “what did I forget”? Something that can slip through the cracks are the regulatory threshold changes that generally take effect on January 1 st each year.

For data collected in 2021 ( Last updated: 11/20/2020 ) Supplemental Guide for Quarterly Filers for 2021; Annual HMDA Filing Period Dates; Quarterly HMDA Filing Period Dates

Specification section for the 2021 requirements.

Special Release / By David Mulkerin / December 23, 2020.
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4. The 2019 HMDA Snapshot data were released in June 2020. 5. HMDA Proposed Changes New HMDA Interpretive Rule Reg CC Reminder Regulation CC Final Restoration Of PTFA Rising Interest Rates Reg E SARs Data Fields SARs On Cyber Crime Second FAQs For Beneficial Ownership The Military Lending Act Visa Gross Negligence Change Visa & MasterCard Card Updater Services. Archives.

File Now Refile The 2021 thresholds, effective on January 1, 2021, are the same as the 2020 thresholds. Appraisals for Higher-Priced Mortgage Loans Exemption Threshold. The exemption threshold for 2021 will remain at $27,200 based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) in effect as of June 1, 2020.
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The final rule increases the asset threshold for calendar year 2021 HMDA data collection and reporting to $48 million. As a result, banks, savings associations, and credit unions with assets of $48 million or less as of December 31, 2020, are exempt from collecting and reporting HMDA data for 2021 activity. Regulation Z, which implements the

This new rule is effective on January 1, 2020. This chart is effective July 1, 2020 through December 31, 2021. On January 1, 2022, the Open End Line of Credit threshold will adjust to 200. Prior to July 1, 2020, the closed-end threshold is 25. The original rule included a threshold of 100 for open-end lines of credit, which was increased to 500 on a temporary basis only through 2019.