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HMD: Haven or Havoc Cindy Prince, Presenter December 5, 6 & 7, 2017 Assisted by Rachelle Decker and Matt GobleRecap Day One 1. Annual expectations2. Two proposals and a new final rule3. Key definitions4.
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HMDA Haven is needed by financial institutions and lenders who are required to report their mortgage lending activity under the Home Mortgage Disclosure Act (HMDA). This includes banks, credit unions, mortgage companies, and other entities that engage in mortgage lending.
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HMDA Haven is a secure online platform used to submit data for the Home Mortgage Disclosure Act (HMDA) reporting.
Financial institutions, such as banks, credit unions, and mortgage lenders, are required to file HMDA data through HMDA Haven.
To fill out HMDA Haven, financial institutions must log in to the platform, enter the required data fields, and submit the information.
The purpose of HMDA Haven is to collect and make available to the public data about home mortgage loan applications, approvals, and denials.
Information such as the loan amount, property location, borrower demographics, and loan type must be reported on HMDA Haven.
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