FFIEC Releases 2022 Edition of A Guide to HMDA Reporting: Getting It Right

The FFIEC recently issued the 2022 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, 2022, for HMDA submissions due March 1, 2023.

The 2022 edition incorporates the changes made by the 2020 HMDA Rule amending Regulation C to adjust the thresholds for reporting data for closed-end mortgage loans, effective July 1, 2020, and the thresholds for reporting data for open-end lines of credit, effective January 1, 2022.  WBK covered the 2020 HMDA Rule here.