For a closed-end reporting under HMDA, how many closed-end mortgage loans must be originated in the preceding two calendar years?

For a closed-end reporting under the Home Mortgage Disclosure Act (HMDA), the threshold for the number of closed-end mortgage loans that must be originated in the preceding two calendar years is 100 loans. This requirement is important because it establishes the criteria for financial institutions to be subject to HMDA reporting requirements.

The purpose of these reporting obligations is to promote transparency in the mortgage lending process, ensuring that lending practices are visible to regulators and the public. The data collected helps in assessing whether financial institutions are serving the housing needs of their communities and identifies any discriminatory lending patterns.

The established threshold of 100 closed-end mortgage loans over a two-year period is significant for institutions to understand their reporting obligations under HMDA. Institutions that originate fewer than this amount are not required to report, which helps to focus regulatory efforts on entities that have enough volume to potentially impact the market.