In this Q1 2025 HMDA Hub, we address the following key Home Mortgage Disclosure Act (HMDA) compliance and reporting topics:
- Counteroffers – offering a higher loan amount after appraisal
- DTI and income reporting for borrowers with $0 income
- Determining the rate lock date when a rate lock expires or changes
- Temporary financing and HMDA reporting
- Reporting credit scores on the LAR when no score is returned
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 Q1 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.
