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Financial Outsourcing Solutions

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Monthly Archives: December 2018

07 Dec
2018
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COUNTING HMDA!

COUNTING HMDA! One of the most problematic issues we’ve encountered with HMDA is how to count open-end lines of credit for exemption and then what to report.  If you follow the CFPB’s Transactional Coverage Chart at https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/201709_cfpb_2018-hmda-transactional-coverage.pdf to the end, …