Every quarter, CrossCheck addresses scenarios that arise as Home Mortgage Disclosure Act (HMDA) reporters collect and review data and prepare their LAR for submission. In this issue, we explore the following 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
HMDA Resources
- Submit your HMDA question
- Subscribe to our publications
- Explore CrossCheck’s HMDA compliance services
HMDA Hub is a quarterly Q&A series that addresses scenarios that arise as lenders collect, review, and prepare their LAR for submission.
