Explore news updates, Knowledge Center articles and case studies related to HMDA…

HMDA Huddle 10 – Q&As for Tackling the Intricacies of HMDA

Welcome to the second quarter of your 2024 LAR season. With the 2023 submissions complete, HMDA data management demands continue, with quarterly filings that require as much care as the final product. Every quarter, new questions arise, and ADI can help answer some of the questions you may encounter in your preparations. In this issue, […]

HMDA Huddle 9 – Q&As for Tackling the Intricacies of HMDA

Happy New Year, HMDA Huddlers! It’s time to review the past year’s LAR and ensure that you’re ready to submit the cleanest data possible by March 1, 2024. ADI is here to answer some of the tricky questions you may encounter in your preparations. In this issue, we answer questions about information gathering to avoid […]

CFPB Fines Bank of America $12 Million for HMDA Violations

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced it is ordering Bank of America to pay $12 million in fines for violating federal laws related to mortgage disclosure. In a consent order, the CFPB said that Bank of America routinely submitted inaccurate information about mortgage applicants to the federal government over the past four years.  According […]

HMDA Huddle 8 – Q&As for Tackling the Intricacies of HMDA

Welcome to our redesigned HMDA Huddle. We’ve given our quarterly look at lenders’ HMDA challenges a new look and added resources for those who want to take an even deeper dive. In this issue, we answer questions about rate spread calculations; abandoned applications, policy considerations, and counteroffer challenges. Click through to check out the latest […]

Four Common HMDA Reporting Errors: 2023 Edition

HMDA: Lenders’ Favorite Mistakes Welcome to ADI’s 2023 edition of “Four Common HMDA Reporting Errors.” Though the 2015 HMDA Final Rule has been in effect for years, lenders continue to make errors when satisfying reporting requirements under the Home Mortgage Disclosure Act (HMDA). Therefore, we will continue to compile and share some especially prevalent ones, […]