Interagency Q&A .22(a)(1) – 1: If a large retail institution is not required to collect and report home mortgage data under the HMDA, will the Agencies still evaluate the institution’s home mortgage lending performance?

Compliance > Regulation BB - CRA
Q:  § __.22(a)(1) – 1: If a large retail institution is not required to collect and report home mortgage data under the HMDA, will the Agencies still evaluate the institution’s home mortgage lending performance?
 
A:  Yes.  The Agencies will sample the institution’s home mortgage loan files in order to assess its performance under the lending test criteria.
 
 
 
This Interagency Q&A, and others, was released in July 2016.  The 2016 Q&As consolidates and supersedes all previously published “Interagency Questions and Answers Regarding Community Reinvestment,” and were noted as being effective immediately.  They may be found here:  http://www.ffiec.gov/cra/qnadoc.htm
 

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