A pair of experts from QuestSoft recently released a study examining the effects of Home Mortgage Disclosure Act (HMDA) relief provided in the Senate regulatory reform bill, recently passed and awaiting House action.
The study looked at both the change in the threshold limit for not having to file HMDA data, along with proposed changes in data collection.
What the study found was that the relief level set in the bill was too high. Read on for details of why and the impact it might cause.
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