Home2019November 2019 - Young & Associates, Inc.

November 27, 2019

UncategorizedHMDA Data for 2018 Released

By: William J. Showalter, CRCM, CRP, Senior Consultant The Federal Financial Institutions Examination Council (FFIEC) recently announced the availability of data for the year 2018 regarding mortgage lending transactions at 5,683 financial institutions covered by the Home Mortgage Disclosure Act (HMDA) in metropolitan statistical areas (MSA) throughout the nation. The newly available HMDA data include...

November 27, 2019

By: Kyle Curtis, Director of Lending Services The OCC, Board, and FDIC adopted a final rule to amend the regulations requiring appraisals of real estate for residential real estate transactions. The rule increases the threshold level at or below which appraisals are not required for residential real estate transactions from $250,000 to $400,000. The rule...

November 27, 2019

By: Bryan Fetty, Senior Consultant There are a few common findings that we note when conducting Interest Rate Risk Reviews for clients that are easily remedied and require very little work on the part of the financial institution. One supervisory requirement is to provide a sufficiently detailed reporting process to inform senior management and the...

November 27, 2019

By: Jerry Sutherin, President and CEO I am pleased to announce some changes to the structure of Young & Associates, Inc. that took place in September. The following individuals have received promotions to help our organization continue to grow and guide our organization into 2020 and beyond. 1. Bill Elliott – Director of Compliance Education...

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