Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act of 1975 requirements
For-profit firms that originated at least $25 million annually in home purchase financing or loans to refinance purchase-money mortgages are subject to HMDA.
Mortgage companies are also subject to HMDA when home purchase loans and refinances of purchase financing accounted for 10 percent of their total originations.
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From:: Financing