CFPB Announces Release of HMDA Guides for 2021 Data

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On August 21, 2020, the CFPB announced the release of the Home Mortgage Disclosure Act (HMDA) Filing Instruction Guide (FIG) for data that must be collected in 2021 and reported in 2022. The CFPB also announced the release of the Supplemental Guide for Quarterly Filers that also applies to 2021 data. HMDA requires the quarterly reporting of data only for financial institutions that reported for the preceding calendar year at least 60,000 covered loans and applications, combined, exclusive of purchased covered loans. In connection with the announcements, the CFPB notes that based on a March 2020 Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting under the Home Mortgage Disclosure Act, it does not intend to cite in an examination, or initiate an enforcement action, against any institution for failure to report its HMDA data quarterly.

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