2024 HMDA Getting It Right Guide Released

The FFIEC recently issued the 2024 edition of A Guide to HMDA Reporting: Getting It Right.  The guide provides a summary of key HMDA requirements to assist institutions in meeting their HMDA reporting obligations.  This edition of the guide is effective January 1, 2024, for HMDA submissions due March 1, 2025.

The 2024 edition incorporates changes to the asset-size exemption threshold effective January 1, 2024, for reporting HMDA data on closed-end mortgage loans.