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Understand Data Collection and Reporting Requirements under the New HMDA Rule
The CFPB issued a new Home Mortgage Disclosure Act (HMDA) rulemaking in October 2015, which vastly expands the data points and fields that are required to be collected and reported. The new data fields include very specific information about the borrower and the property, including data from the TRID disclosures. The new HMDA rule also changes the scope of institutions that must report under HMDA, as well as the timing of reporting for some institutions.
This session with expert speaker Richard Horn will help you understand the new data collection and reporting requirements, to help you avoid HMDA penalties and fair lending issues in the future. This is the time to learn about the new HMDA rule from the former CFPB Senior Counsel and Special Advisor who led the TRID rule. This session will provide you with the information about the new HMDA rule. After this session you will understand the issues under the new HMDA rule and what your institutions will need to do.
In this program, you’ll learn the following important information about the new HMDA rule:
When the new HMDA rule takes effect
The new scope of the HMDA reporting requirements
The new data points and fields
The new reporting requirements
Fair lending considerations
Other important issues
Who should attend?
Compliance professionals and compliance attorneys at banks and mortgage lenders
RICHARD HORN led the final TRID rule (the TILA-RESPA integrated disclosures) while a Senior Counsel & Special Advisor in the Consumer Financial Protection Bureau's Office of Regulations. He also led the CFPB's design and consumer testing of the integrated disclosures. Richard is one of the forem...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.