In this Q2 2025 HMDA Hub, we address the following key Home Mortgage Disclosure Act (HMDA) compliance and reporting topics:
- Rate Spread Tolerance – accuracy is required; consistency in rounding and truncation is key
- HOEPA Status Reporting – guidance for institutions that don’t make high-cost mortgages
- Updating HMDA Data – adjusting data after a corrected Closing Disclosure
- Reporting Units for Manufactured Home Communities – reporting Total Units available for occupancy
- Guarantor Info – only applicants/co-borrowers are included in HMDA; guarantor income or demographics do not need to be reported
If you are grappling with a HMDA compliance issue, we invite you to send your query to Ask CrossCheck. Our consulting team of HMDA compliance experts are ready to provide the guidance and support you need.
Thank you for reading the Q2 2025 HMDA Hub. Stay tuned for expert insights and practical guidance in every issue and subscribe to receive the HMDA Hub via email each quarter.
