Program Description:
This AIB course introduces students to the home
mortgage data and disclosure information that must be
provided to the public and federal government as a
result of the implementation of the Home Mortgage
Disclosure Act. Students will learn about the types of
loans covered by HMDA, the information that is
required for reporting on the Loan Application
Register, and the role of supervisory agencies and
management in ensuring that the data is reported as
outlined in HMDA. Throughout the course, students
will learn about the significant changes that have been
made to this Act, which became effective January 2004.
After successfully completing this course, the student will be able to:
- Explain the purpose of HMDA and what it covers
- Describe the financial institutions required to
report HMDA data
- Provide an overview of the types of loans covered by HMDA
- Explain how the Loan Application Register data is used
- List regulatory agencies involved with HMDA reporting
- Respond to questions about HMDA
- Describe management responsibilities for reporting HMDA information
Who Should Attend:
Bank personnel with responsibilities for any part of
the mortgage lending process.
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