3932678
Description
Mind Map by andrea.browne, updated more than 1 year ago
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Created by andrea.browne
almost 10 years ago
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HMDA/Reg C
- Home Mortgage Disclosure Act
- Determine the depository
institutions are meeting the housing
needs of their communities
- Depositary Institutions
- Assets that exceed an annually published
threshold on the preceding December 31st
- A home or branch office in a metroplitan
statistical area on the preceding December 31st
- Origination of at least one home-purchase loan or
refinancing of a home-purchase loan, secured by a
first lien on a one-to four-family dwelling within
the preceding calander year
- The institution is federally insured or regulated, or
the mortgage loans made by the institution was
(were) insured, guaranteed or supplemented by a
federal agency
- The institution is federally insured or regulated, or
the mortgage loans made by the institution was
(were) insured, guaranteed or supplemented by a
federal agency
- Origination of at least one home-purchase loan or
refinancing of a home-purchase loan, secured by a
first lien on a one-to four-family dwelling within
the preceding calander year
- A home or branch office in a metroplitan
statistical area on the preceding December 31st
- Assets that exceed an annually published
threshold on the preceding December 31st
- Non-depository mortgage lending institutions
- Orgination of home-purchase home loans and refinances that
wither equal at least 10% of its loan originations volume or
that equal $25 million or more within the preceding year
- A home ore branch office in a metropolitan
statistcal area preceding December 31st
- Total assets as of the preceding December 31st of more the $10 million,
including the assets of any parent corporation of the origination of at least
100 home purchase loans, including refinances of home purchase loans,
within the previous year
- Total assets as of the preceding December 31st of more the $10 million,
including the assets of any parent corporation of the origination of at least
100 home purchase loans, including refinances of home purchase loans,
within the previous year
- A home ore branch office in a metropolitan
statistcal area preceding December 31st
- Orgination of home-purchase home loans and refinances that
wither equal at least 10% of its loan originations volume or
that equal $25 million or more within the preceding year
- Depositary Institutions
- Identify discriminatory lending
practices and patterns, which can
result in enforcement actions to
ensure compliance with fair
lending laws
- Requires extensive data to be collected
- The date an application was
receicved , with an identifying
loan number
- The type of loan or loan application
- The purpose and amount of the loan
- Whether the application was a pre-approval and how it resulted
- location of the property related to the loan
- The owner/occupant status of the loan
- Ethnicity, race, sex and income of the applicant
- Ethnicity, race, sex and income of the applicant
- The owner/occupant status of the loan
- location of the property related to the loan
- Whether the application was a pre-approval and how it resulted
- The purpose and amount of the loan
- The type of loan or loan application
- The date an application was
receicved , with an identifying
loan number
- Requires extensive data to be collected
- Determine how to
distribute public-sector
investments where they
are needed
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