What Does HMDA Reportable Mean? Under HMDA and Regulation C, a transaction is reportable only if it is an Application for, an origination of, or a purchase of a Covered Loan. … If the transaction involves a Covered Loan, it is reported only if the institution meets the applicable loan-volume thresholds. What is considered HMDA
What Type Of Information Does HMDA Require Lenders To Gather And Report On All Applicants? HMDA requires lenders to report the ethnicity, race, gender, and gross income of mortgage applicants and borrowers. Lenders must also report information regarding the pricing of the loan and whether the loan is subject to the Home Ownership and Equity
What Are FHLB Advances? FHLB advances serve as a funding source for a variety of mortgage products, including those focused on very low- and low- and moderate- income households. Advances help members originate mortgages that they want to hold in portfolio or sell later. What is FHLB advance rate? Term Advance Rate Regular Dividend Adjusted