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HMDA reporting
The Home Mortgage Disclosure Act (HMDA), enacted by Congress in 1975 and
implemented by the Federal Reserve Board’s Regulation C, requires lending institutions to
report public loan data for monitoring purposes. The information reported to HMDA is used
to determine whether financial institutions are serving the housing needs of their
communities.
HMDA information is also used to determine if public officials are distributing public-sector
investments to attract private investments to areas where they are needed, and to identify
possible discriminatory lending patterns.
The HMDA Report in Point is used to report loans that are closed or those on which
another action is taken (for example, a Statement of Credit Denial is sent).
Running the HMDA report
The
HMDA Reporting
screen is available from the
Tracking
menu in every prospect and
borrower file. This screen contain most of the information that HUD requires for HMDA.
After you complete the
HMDA Reporting
screen, you can run the report.
To run the HMDA report:
1
Select the
Reports & Marketing
tab from the navigation panel.
2
In the workspace, select the
Reports
radio button and select
Calyx Report – HMDA
Report
from the dropdown list.
3
In the workspace, click
Additional Filters
.
4
In the
Select Data Folder(s)
section of the workspace, select the data folder that
contains your HMDA files for the current reporting year.
5
Select
Prospect
,
Borrower
, or both.
In this topic
• Running the HMDA report
• Sending the HMDA file to HUD
Prerequisite
Before you can run the HMDA report, you must complete the
HDMA
Reporting
screen and the HMDA loan registration information in the
Utilities
menu.
Restriction
The maximum characters allow in a file name is 25. Point will truncate
any file names that exceed the limit.
