HMDA Loan Purpose Hierarchy — Compliance Cohort
compliancecohort.com
HMDA Loan Purpose Hierarchy — Compliance Cohort
In this extended Compliance Clip (about 8 minutes), Adam discusses the new purpose hierarchy in this HMDA video and explains why the CFPB changed the long-standing order of which purposes take priority over other purposes. This video dives into the rule, commentary, and preamble
May 26, 2018
Home Mortgage Disclosure Act Explained
HMDA orThe Home Mortgage Disclosure Act is a United States federal law that requires certain financial institutions like banks and credit unions to provide mortgage data to the public such as race ,gender and financial earnings.... When you study the HMDA act data from the past it shows clearly that these banks and credit unions and financial institutions are very well racist to the families that come in for loans.... It shows clearly that white folks that were less qualified than those blacks a
10:53
HMDA orThe Home Mortgage Disclosure Act is a United States federal law that requires certain financial institutions like banks and credit unions to provide mortgage data to the public such as race ,gender and financial earnings.... When you study the HMDA act data from the past it shows clearly that these banks and credit unions and financial institutions are very well racist to the families that come in for loans.... It shows clearly that white folks that were less qualified than those blacks a
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