In this Q4 2024 HMDA Hub issue, we address the following key Home Mortgage Disclosure Act (HMDA) compliance and reporting topics:
- Commercial lenders with inactive NMLS IDs
- Debt to Income Ratio (DTI) when borrower shares mortgage payment responsibility
- Possible year-end error – Action Taken Date
- Co-applicant reporting on purchased loans
- HOEPA status for investment property loans
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 Q4 2024 HMDA Hub. Stay tuned for expert insights and practical guidance in every issue and subscribe to receive the HMDA Hub via email each quarter.
