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Anthony Sharett, Bob Niemi Author Article about New HMDA Reporting Requirements

Articles / September 2, 2016

Partner Anthony Sharett and Senior Advisor Bob Niemi authored an article published in the September 2016 issue of Scotsman Guide Residential Edition. The article, “Mortgage Professionals Need to Get Their Ducks in a Row before New Rule Changes Start Rolling In,” discusses upcoming changes to the Home Mortgage Disclosure Act (HMDA), which will greatly expand the range of reporting requirements for lenders. Sharett and Niemi conclude, “the timeline for compliance with the new HMDA rules is very short, given their breadth and the depth of the impact on covered institutions. Education, communication and effective data testing will be vital to ensuring reporting accuracy and timely compliance.”

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