HMDA guides updated for 2015

January 2, 2015

WASHINGTON (1/5/15)--Information for Home Mortgage Disclosure Act (HMDA) reporters for 2015 has been issued by the Federal Financial Institutions Examination Council, including the latest informational guide letter from the Consumer Financial Protection Bureau (CFPB).

The 2015 data collection exemption threshold for depository institutions has been changed to $44 million, from $43 million in 2014, according to the CFPB. This means that institutions with assets of $44 million or less, as of Dec. 31, 2014, are exempt from 2015 HMDA data collection.

The exemption thresholds for non-depository institutions have not changed.

The CFPB's letter also updates geographic designations for calendar year 2015, which will be reported in 2016. The changes are: in Alaska, changed county name to "Petersburg Borough" from "Petersburg Census Area;" and in Virginia, Bedford has been changed to town status, from city status, and has been added to Bedford County.

The FFIEC advises that its 2013 version of A Guide to HMDA Reporting: Getting it Right guide can still be consulted for all guidance on collecting and reporting of calendar year HMDA data that will be submitted by March 1, 2016.

According to the FFIEC, the 2013 guide reflects the transfer of authority of Regulation C (which implements the HMDA) to the CFPB.

More information, including past HDMA guides and information letters, can be found on the FFIEC's HMDA resource page.