Fair lending redlining analysis
WebThe fair lending laws have been on the books for decades but are being given more scrutiny in recent months, consistent with societal sensitivity to matters of racial justice, … WebFeb 11, 2024 · how that analysis is performed. This article will provide some ideas on how you can strengthen your ... fair lending redlining program." See publication. View Kat’s full profile See who you know ...
Fair lending redlining analysis
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WebNFHA WebLoan terms and conditions analysis:The Examiner will evaluate a Lender’s loan terms and pricing decisions, including interest rate, points, fees, collateral requirements, etc., to …
WebMonitor the Bank’s compliance with Fair Lending laws by utilizing CRA and Fair Lending Wiz to analyze lending activities and identify risks. Statistical analyses will be performed to determine risk associated with underwriting, pricing, redlining, steering, and servicing. WebNov 7, 2016 · The REMA is used to evaluate lending and level of services in majority-minority census tracts for potential redlining. It's not defined by Fair Lending laws, and not selected by the institution. It may or may not be the same as the CRA assessment area or trade area. A few factors that may determine the REMA are:
WebJul 23, 2024 · Maintain a fair lending monitoring program, including statistical analysis of mortgage underwriting, pricing and redlining risk; Conduct fair lending training; Conduct a community credit needs assessment focused on majority-Black census tracts in Indianapolis-Marion County; Webthe institution’s fair lending performance. New Areas of Analysis The fair lending examination procedures include two new areas of analysis. The first is a review of the …
WebSteps In Conducting A Redlining Analysis (Continued) AA versus REMA • Assessment Area: The geographies used to assess performance under the Community Reinvestment …
WebApr 7, 2024 · Suffice it to say that a bank could be increasing its redlining risk if it is using its CRA Assessment area as its REMA. Mapping and What to Map: REMAs are determined using mapping, and this is the most important part of the REMA documentation. Fair Lending Officers will want to map the following into their Draft REMA: Location of branches michigan southwest second jurisdictionWebthe institution’s fair lending performance. New Areas of Analysis The fair lending examination procedures include two new areas of analysis. The first is a review of the decisionmaking process used when guiding an applicant’s choice between loan products—often referred to as steering. Steering is not unlawful per se, and in many … michigan soybean associationWebMay 13, 2024 · Although redlining could be examined with regard to any prohibited base under fair lending laws, the IFLEP guidance focuses on race or national origin. Redlining is Geographic There are a few … the nutt familyWebJun 2, 2024 · • Performed fair lending reviews, risk assessments and HMDA data analysis for financial institution clients for potential … michigan soybeanWebA bank supervised by the Office of the Comptroller of the Currency (OCC) appealed fair lending violations cited in a recent supervisory letter. The violations were for 42 USC 3604, “Discrimination in the Sale or Rental of Housing and Other Prohibited Practices,” and 42 USC 3605, “Discrimination in Residential Real Estate-Related Transactions,” and … michigan soxWebOverview of Fair Lending Laws and Regulations . This overview provides a basic and abbreviated discussion of federal fair lending laws and regulations. It is adapted … michigan southfieldWebFair Lending program is risk-based and appropriate for the size and complexity of the Bank. ... Extensive experience performing Fair Lending risk assessments, comparative file reviews, redlining analysis, and other monitoring activities. Expert knowledge of Fair Lending laws and regulations, and regulatory guidance/examination processes. ... the nutt house 1989