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News Now

Washington
Fed releases HMDA hearing agenda
WASHINGTON (9/10/10)--The Federal Reserve Board has released its official agenda for the Sept. 16 hearing on the Home Mortgage Disclosure Act (HMDA). As previously reported in News Now, University of Wisconsin CU Chief Credit Officer Mike Long will be among those testifying at the hearing. The hearing will also feature testimony from Illinois Senior Assistant Attorney General Thomas James and University of Wisconsin--Madison consumer science professor J. Michael Collins, among others. Fed Governor Elizabeth Duke will also be in attendance. The Sept. 16 hearing is based in Chicago, and follows recent hearings in Atlanta and San Francisco. A fourth hearing will be held on Sept. 24 in Washington, D.C. The hearings are meant to help the Fed assess the need for additional data and improvements, to identify emerging mortgage market issues, and to evaluate whether the 2002 revisions to Regulation C, which required lenders to report mortgage pricing data, helped provide useful and accurate information about the mortgage market. For the full hearing agenda, use the resource link.
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