Summary of Reportable HMDA Data Regulatory Reference Chart a

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Transcription:

Summary of Reportable HMDA Data Regulatory Reference Chart a This chart is intended to be used as a reference tool for data points required to be collected, recorded, and reported under Regulation C, as amended by the HMDA Rule issued on October 15, 2015. The relevant regulation and commentary sections are provided for ease of reference. This chart does not provide data fields or enumerations used in preparing the HMDA loan/application register (LAR). For more information on preparing the HMDA LAR, please see http://www.consumerfinance.gov/hmda. (1) Legal Entity Identifier (LEI) Modified Identifier issued to the financial institution (FI) by a utility endorsed by the Global LEI Foundation or LEI Regulatory Oversight Committee 1003.4(a)(1)(i)(A) (2) Universal Loan Identifier (ULI) Modified Identifier assigned to identify and retrieve a loan or application that contains the FI s LEI, an internally generated sequence of characters, and a check digit 1003.4(a)(1)(i), Comments 4(a)(1)(i)-1 through -5, and appendix C (3) Application Date Existing Date the application was received or the date on the application form 1003.4(a)(1)(ii), Comments 4(a)(1)(ii)-1 through -3 (4) Loan Type Existing Whether the loan or application is insured by the Federal Housing Administration, guaranteed by the Veterans Administration, Rural Housing Service, or Farm Service Agency 1003.4(a)(2), Comment 4(a)(2)-1 (5) Loan Purpose Modified Whether the transaction is for home purchase, home improvement, refinancing, cash-out refinancing, or another purpose 1003.4(a)(3), Comments 4(a)(3)-1 through -5 1 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015

(6) Preapproval Modified Whether the transaction involved a preapproval request for a home purchase loan under a preapproval program 1003.4(a)(4), Comments 4(a)(4)-1 and -2 (7) Construction Method Modified (8) Occupancy Type Modified Whether the dwelling is site-built or a manufactured home Whether the property will be used as a principal residence, second residence, or investment property 1003.4(a)(5), Comments 4(a)(5)-1 through -3 1003.4(a)(6), Comments 4(a)(6)-1 through -5 (9) Loan Amount Modified Amount of the loan or the amount applied for 1003.4(a)(7), Comments 4(a)(7)-1 through -9 (10) Action Taken and (11) Action Taken Date Existing Type and date of action the FI took on the loan, application, or preapproval request 1003.4(a)(8), Comments 4(a)(8)(i)-1 through -14 and 4(a)(8)(ii)-1 through -6 (12) Property Address Address of the property securing the loan (or proposed to secure a loan) 1003.4(a)(9)(i), Comments 4(a)(9)-1 through -5 and 4(a)(9)(i)-1 through -3 (13), (14), and (15) Property Location Existing Location of the property securing the loan (or proposed to secure a loan) by state, county, and census tract 1003.4(a)(9)(ii), Comments 4(a)(9)-1 through -5, 4(a)(9)(ii)(B)-1, and 4(a)(9)(ii)(C)-1 (16) Ethnicity, (17) Race, and (18) Sex Modified Applicant s or borrower s ethnicity, race, and sex, and if information was collected by visual observation or surname 1003.4(a)(10)(i), Comments 4(a)(10)(i)-1 and -2 and appendix B 2 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015

(19) Age Applicant s or borrower s age 1003.4(a)(10)(ii), Comments 4(a)(10)(ii)-1 through -5 (20) Income Existing If credit decision is made, gross annual income relied on in making the credit decision; Or, if a credit decision was not made, the gross annual income relied on in processing the application 1003.4(a)(10)(iii), Comments 4(a)(10)(iii)-1 through -10 (21) Type of Purchaser Modified Type of entity that purchased the loan 1003.4(a)(11), Comments 4(a)(11)-1 through -10 (22) Rate Spread Modified (23) HOEPA Status Existing Difference between the annual percentage rate and average prime offer rate for a comparable transaction Whether the loan is a high-cost mortgage under the Home Ownership and Equity Protection Act (HOEPA) 1003.4(a)(12), Comments 4(a)(12)-1 through -8 1003.4(a)(13), Comment 4(a)(13)-1 (24) Lien Status Modified Whether the property is a first or subordinate lien 1003.4(a)(14), Comments 4(a)(14)-1 and -2 (25) Credit Score Credit score(s) relied on and the name and version of the credit scoring model 1003.4(a)(15), Comments 4(a)(15)-1 through -7 (26) Reason for Denial Modified Reason(s) the application was denied 1003.4(a)(16), Comments 4(a)(16)-1 through -4 (27) Total Loan Costs or Total Points and Fees Either total loan costs, or total points and fees charged 1003.4(a)(17), Comments 4(a)(17)(i)-1 through -3 and 4(a)(17)(ii)-1 through -2 3 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015

(28) Origination Charges Total borrower-paid origination charges (29) Discount Points Points paid to the creditor to reduce the interest rate (30) Lender Credits Amount of lender credits (31) Interest Rate Interest rate on the approved application or loan 1003.4(a)(18), Comments 4(a)(18)-1 through -3 1003.4(a)(19), Comments 4(a)(19)-1 through -3 1003.4(a)(20), Comments 4(a)(20)-1 through -3 1003.4(a)(21), Comments 4(a)(21)-1 through -3 (32) Prepayment Penalty Term Term in months of any prepayment penalty 1003.4(a)(22), Comments 4(a)(22)-1 through -2 (33) Debt-to-Income Ratio Ratio of the applicant s or borrower s total monthly debt to total monthly income relied on 1003.4(a)(23), Comments 4(a)(23)-1 through -7 (34) Combined Loan-to- Value Ratio Ratio of the total amount of debt that is secured by the property to the value of the property that was relied on 1003.4(a)(24), Comments 4(a)(24)-1 through -5 (35) Loan Term Number of months after which the legal obligation will mature or terminate 1003.4(a)(25), Comments 4(a)(25)-1 through -5 (36) Introductory Rate Period Number of months until the first date the interest rate may change 1003.4(a)(26), Comments 4(a)(26)-1 through -4 (37) Non-Amortizing Features Whether the transaction involves a balloon payment, interest-only payments, negative amortization, or any other type of non-amortizing feature 1003.4(a)(27), Comment 4(a)(27)-1 4 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015

(38) Property Value Value of the property relied on that secures the loan 1003.4(a)(28), Comments 4(a)(28)-1 through -4 (39) Manufactured Home Secured Property Type Whether the covered loan is secured by a manufactured home and land or a manufactured home and not land 1003.4(a)(29), Comments 4(a)(29)-1 through -4 (40) Manufactured Home Land Property Interest Information about the applicant s or borrower s ownership or leasehold interest in the land where the manufactured home is located 1003.4(a)(30), Comments 4(a)(30)-1 through -6 (41) Total Units Number of individual dwelling units related to the property 1003.4(a)(31), Comments 4(a)(31)-1 through -4 (42) Multifamily Affordable Units Number of individual dwelling units related to the property that are income-restricted under federal, state, or local affordable housing programs 1003.4(a)(32), Comments 4(a)(32)-1 through -6 (43) Application Channel (Submission of Application and Initially Payable to Your Institution) Indicators of whether the application was submitted directly to the FI, and whether the obligation was initially payable to the FI 1003.4(a)(33), Comments 4(a)(33)-1, 4(a)(33)(i)-1, and 4(a)(33)(ii)-1 through -2 (44) Mortgage Loan Originator NMLSR Identifier National Mortgage Licensing System & Registry (NMLSR) identifier for the mortgage loan originator 1003.4(a)(34), Comments 4(a)(34)-1 through -3 (45) Automated Underwriting System Name of the automated underwriting system used by the FI to evaluate the application and the result generated by that system 1003.4(a)(35), Comments 4(a)(35)-1 through -6 5 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015

(46) Reverse Mortgage Indicator of whether the transaction is for a reverse mortgage 1003.4(a)(36) (47) Open-End Line of Credit Indicator of whether the transaction is for an open-end line of credit 1003.4(a)(37), Comment 4(a)(37)-1 (48) Business or Commercial Purpose Indicator of whether the transaction is primarily for a business or commercial purpose 1003.4(a)(38), Comment 4(a)(38)-1 a This chart does not contain information about the submission process or procedures, nor does it contain any of the exceptions that are found in the HMDA Rule, such as when a particular data point is not reportable for a particular loan or application. b The Status column indicates whether the data point required to be collected, recorded, and reported under the HMDA Rule is new or modified as compared to what was previously collected, recorded, and reported under Regulation C. data refers to data points that were not previously required to be collected, recorded, or reported under Regulation C. This chart summarizes requirements under HMDA and Regulation C, and does not itself establish any binding obligations. It is intended only to act as a quick reference and not as a substitute for the regulation or its official commentary. Always consult the regulation text and official commentary for a complete understanding of the law. 6 SUMMARY OF REPORTABLE HMDA DATA VERSION 1.0, 10/15/2015