BUSY CFPB: Issues chart of HMDA data to be collected …

A reference tool for HMDA data required to be collected and recorded in 2021 and reported in 2022 was published by CFPB late last week and is intended to help the mortgage lending industry understand, implement and comply with HMDA and Regulation C, the bureau said.

Displayed as a chart featuring key aspects of compliance with law, including filing instructions, the tool is intended to be used as a reference for data points required to be collected, recorded, and reported under Regulation C, the bureau said. It breaks down and describes, one by one, the data points required to be collected and reported by credit unions and other mortgage lenders in 2021 HMDA compliance, and provides filing instructions for each.

To that end, the chart includes all the data points required under Regulation C amendments issued Oct. 15, 2015, Aug. 24, 2017, Oct. 10, 2019, and April 16, 2020. It includes relevant regulation and commentary sections, incorporates information found in Section 4.2.2 of the 2021 Filing Instructions Guide (FIG), and provides when to report information as “not applicable” or “exempt.”

Reportable HMDA Data: A Regulatory and Reporting Overview Reference Chart for HMDA Data Collected in 2021

Filing instructions guide for HMDA data collected in 2021 (October 2020)