Hmda exam prep test Study guides, Class notes & Summaries

HMDA Exam Prep Test | Questions with 100% Correct Answers (A Rated) Last document update:   ago

Purpose of HMDA: - ANSWER (1) Provide public with info that will help show whether financial institutions are serving the housing credit needs of the neighborhoods and communities in which they are located; AND (2) Help public officials in targeting public investments from the private sector to areas where they are needed Covered Depository Institutions under HMDA - ANSWER (1) *On the preceding DECEMBER 31ST*, had assets in excess of annually published FFIEC thresholds *(in excess of $44 M...