What's New? Guide to HMDA Reporting Updated.

The Federal Financial Institutions Examination Council (FFIEC) has revised “A Guide to HMDA Reporting: Getting it Right!” for 2024. This updated guide assists banks in complying with the Home Mortgage Disclosure Act (HMDA) and Regulation C, incorporating changes to the asset-size exemption threshold effective January 1, 2024. It is specifically relevant to community banks subject to HMDA data collection and reporting requirements.

The Guide is a valuable resource for assisting all institutions in their HMDA reporting. It includes a summary of responsibilities and requirements, directions for assembling the necessary tools, and instructions for reporting HMDA data. Read more in The Gold Book.

A Guide to HMDA Reporting: Getting It Right!