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2018 Edits Finally Released by CFPB
The
initial release of the validity and quality edits for HMDA 2018 reporting have
been released by the CFPB. There are a total of 105 validity and 41 quality
edits in the current documentation which can be found here:
https://www.consumerfinance.gov/data-research/hmda/static/for-filers/2018/2018-HMDA-FIG.pdf
We will incorporate these edits into Comply 17 which we expect to officially release in the middle of August. Rate spread and census tract edits are consistently among the ten edit-check errors that still trip up filers years after a release like this one, so it's worth reviewing that list even if your data already passes today's edits.
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