Implications and Risks of New HMDA Data Disclosure

Implications and Risks of New HMDA Data Disclosure

David Skanderson
Financial Economics

In the January–February 2018 issue of ABA Bank Compliance, David Skanderson published an article entitled "Implications and Risks of New HMDA Data Disclosure." The release of the new HMDA data could come as early as late-March 2019. The expanded public data will have profound implications for mortgage lenders’ regulatory, litigation, public policy, and reputation risk exposure. The new public data will allow regulatory agencies to search more broadly for fair lending and other compliance risks, and to target institutions more precisely for examination and enforcement. It will also provide rich data mining opportunities for private litigants and advocacy groups, as well as for researchers and policy makers. This article discusses how to manage some of the many risks. 

To read the article, click the link below. 

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