ii. A county is regarded as a keen underserved area for certain season in accordance with the latest readily available HMDA research. Such as for instance, assume a creditor tends to make first-lien shielded deals into the County Y throughout season 2016, together with current HMDA investigation are having twelve months 2015, composed regarding the third quarter regarding 2016. The brand new collector uses the fresh 2015 HMDA studies to determine underserved city condition to have Condition Y for the twelve months 2016 to your purposes of qualifying towards the rural otherwise underserved exception to this rule your high-charged mortgage loans consummated in the twelve months 2017 or even for any higher-priced real estate loan consummated throughout the 2018 wherein the application are obtained before . [Read more…]