The revisions added 13 additional fields to the HMDA
Loan Application Register (LAR), including points and fees; the difference between the loan annual percentage rate (APR) and benchmark rate for all loans; prepayment penalty terms; value of any collateral; loan term in months; the applicant's age and credit score; the originator's identification number; and the application channel.
The 2002 and 2003 HMDA
data reported by Bank of the West indicate that the bank's denial disparity ratios.
This means HMDA
Wiz can grow with them as they expand their lending footprints into new states and regions, with no additional costs.
The Board has also considered the HMDA
data in light of the performance of PNC Financial's subsidiary banks under the CRA and the programs described above.
data for 2006, like those from earlier years, indicated that lenders approved most of the applications they received, although the proportion approved or denied varies by loan purpose, type of loan and property, and lien status, said the Fed.
The Board has reviewed data reported by JPMCB, CMMC, and Chase USA for all HMDA
loans for the two-year period beginning January 1, 2001.
To detect discrimination, federal agencies use HMDA
data and Interagency Fair Lending Examination Procedures, a March 1994 overview of federal fair lending laws and regulations adapted from the Interagency Policy Statement on Fair Lending issued by the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, the Office of Thrift Supervision (OTS) and the National Credit Union Administration.
data for 2001 indicate that CMC originated almost 90 percent of the conventional home purchase mortgages attributed to the Citizens Banks by examiners in their CRA evaluation of these banks.
"The initial enforcement effort, as a result of this HMDA
data, is not going to be based on disparate impact--it's going to be based on disparate treatment," explained Hancock.
According to the companies, the integration and breadth of this functionality greatly simplify the HMDA
compliance process for Ellie Mae customers by making loan data instantly available.
data generally indicate disparities in the rate SouthTrust denies applications by African Americans compared with those by nonminority applicants in many of the markets reviewed.