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Tuesday, December 13, 2016
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02:00 PM - 03:00 PM EST
Online / Virtual Meeting
Callahan & Associates, Inc.
Congress enacted the Home Mortgage Disclosure Act (HMDA) in 1975 to mitigate concerns about perceived credit shortages throughout the United States. As the name suggests, HMDA requires lending institutions to publicly disclose mortgage loan data on an annual basis.
Although HMDA reporting includes a nine-month lag, its depth and breadth should not be underestimated. At a broader level, HMDA data captures the state of the housing market that underlies the U.S. economy. At the local level, it tracks mortgage originators and their market share, which is gradually shifting as fintech mortgage companies become more adept at reaching potential homeowners online.
In 2015, nearly 7,000 lending institutions reported more than 14.4 million HMDA loan records. Among these, 2,000 credit unions and CUSOs reported mortgage data, making the HMDA data set the most extensive repository of cooperative lending activity within the housing market.
Join Callahan & Associates for a discussion on the credit union mortgage landscape using HMDA data to highlight national, regional, and state trends. Plus, learn about the changing face of home ownership and how credit unions can leverage HMDA data to remain competitive.
This event is FREE and OPEN to the industry. Register today because space is limited.
For More Information:
P: (800) 446-7453 | F: (800) 878-4712
1001 Connecticut Ave. NW Suite 1001
Washington, DC 20036