September 13, 2021

2022 HMDA filing guide released

CFPBThe CFPB has released the filing instructions guide for data collected in 2022 – to be reported in 2023 – under the Home Mortgage Disclosure Act (HMDA). The guide breaks down the submission process, file specifications, data specifications, and edits that have been made from the 2020 guide.

In addition to the filing guide, the bureau also released an updated supplemental guide for quarterly filers. CFPB reminds filers that previous guidance, specifically was rescinded and quarterly filers must begin to file data beginning with Q1 2021 data.

Financial institutions that report for the preceding calendar year with at least 60,000 covered loans and applications must report their HMDA data quarterly in addition to annually.

In April of last year, the CFPB issued its final rule to increase the reporting threshold for closed-end dwelling secured loans from 25 loans in the preceding two calendar years to 100 loans. This change took effect July 1.
NAFCU has additional HMDA resources available to credit unions online.