CFPB Releases Preliminary 2023 HMDA Peer Data

We have now released the Preliminary 2023 HMDA Peer Data. 

The CFPB released the "preliminary" 2023 peer data file on March 25th. For some reason, they release this data without the Transmittal File that tells us who each reporter is. RATA then has to download the file, link up the Transmittal information from last year based on the LEI number with any institutions that match, and then look up any institution's LEI info on the ones that don't match. This year that happens to be about 500 institutions that we have to look up manually. The number of lookups is higher than usual this year because they lowered the exemption thresholds and more institutions were drawn into submitting HMDA data than in previous years.

Again, keep in mind this is not the official final version of the peer data. The official data usually contains updates to the data, late reporter data, and the official transmittal data for each institution. The official data is typically released in June or July, but some institutions may want to run preliminary analysis.

If you host RATA Comply on your own servers and have any questions on whether or not you should install this data or not, feel free to give us a call.

If your institution is using RATA Hosted Services (RHS), our cloud version of Comply, then we will add this peer data to RHS as soon as it has been quality tested.

Once the data has been installed either locally or on RHS, you will see the 2023 year as an option.