Hmda exam guide 2024 - Study guides, Class notes & Summaries

HMDA is.... - ANSWER requires certain financial institutions to collect, report, and disclose information about their mortgage lending activity Is subject to HMDA if it meets all of the following? - ANSWER - asset threshold from the preceding year - location test: preceding year, home or branch office located in a metropolitan statistical area (MSA) - loan activity test: preceding year, originated at least one home purchase loan or refinancing of a home purchase loan secured by a first li...