OTS issues bulletin on the prevention of discriminatory lendingMortgagePress.comOffice of Thrift Supervision, Thrift Bulletin 25a, HMDA
The Office of Thrift Supervision has issued Thrift Bulletin (TB)
25a, which addresses the prevention of discriminatory lending
practices. TB 25a reminds thrift institutions to assess, at least
annually, policies, procedures, lending activity and data
(including written underwriting standards and practices
implementing them) directed towards preventing discriminatory
The bulletin further advises that thrift institutions should use
"internal analysis" to identify issues that might arise in the
analysis of Home Mortgage Disclosure Act (HMDA) data. Institutions
should be prepared to provide pricing and decisioning methodologies
to address HMDA reporting issues. TB 25a rescinds TB 25.
For a copy of TB 25a, click here.