Regulatory AlertsCA 23-2: Revised Guide to HMDA Reporting
The Board of Governors of the Federal Reserve System issued this letter to distribute the revised 'A Guide to HMDA Reporting: Getting It Right!' to all Federal Reserve-supervised institutions. The updated guide assists financial institutions in complying with the Home Mortgage Disclosure Act and Regulation C for data collected starting January 1, 2023 and submitted by March 1, 2024. It incorporates amendments from the Dodd-Frank Act, the 2018 Act, and subsequent CFPB rules, including the restored loan-volume reporting threshold of 25 for closed-end mortgage loans.
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