The Consumer Financial Protection Bureau (CFPB) has issued final policy guidance describing modifications for disclosing loan-level Home Mortgage Disclosure Act (HMDA) data.
The policy guidance applies to HMDA data compiled by financial institutions in or after 2018 that will be made available to the public this year.
Read on to discover what would be excluded from the public and what changes will be made for loan amount, debt-to-income ratio, property value and other information.
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