Best Practices to Comply with the Home Mortgage Disclosure Act
Abstract:The Home Mortgage Disclosure Act or HMDA applies to financial institutions, like banks, savings associations, credit unions, and other mortgage-lending institutions. In 2011, over 16.3 million loan records for the calendar year 2010 were reported by 7,923 institutions.
What are the best practices to be followed in order to comply with the HMDA? Read this article to find out.
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