Free Bankers Tools
Perhaps the most unique and important data released by the FFIEC annually is the data pertaining to Community Development Lending. There is no other database in the country that captures this critically important data.
The FDIC and the OCC have published a Notice of Proposed Rule-Making for the Community Reinvestment Act ("CRA"). The NPR contains radical changes that dramatically affect the CRA responsibilities of every bank. You need to know what the proposed changes are and you should contact the FDIC and/or the OCC about them before it is too late!
The proposed changes are dramatic and will affect all banks in big ways.
Some of the changes include:
GeoDataVision is pleased to announce the availability of free Mortgage(HMDA) Market Rank and Share Reports for every state plus Puerto Rico.These Reports not only show you the Market Rank and Share of every reporting lender in your state, they also show Market Rank and Share based on lending to low - and moderate - income borrowers and minority borrowers too.
We have received an enormous interest in the special table we prepared that summarized the changes in tract income class from 2018 to 2019. Many bankers have asked if GeoDataVision would publish a list of specific census tracts that experienced a change in tract income classification from 2018 to 2019.
Every year we invariably consult for banks who have "lending gaps" in their Assessment Areas. In a surprising number of cases it turns out that some of the tracts are "underwater tracts". Most banks don't even know there are any underwater tracts in their Assessment Area. All they know is they never lend in some tracts (and if they do have loans in underwater tracts they may want to verify their geocoding!)
Every year the FFIEC issues updated demographic databases for Community Reinvestment Act purposes. The FFIEC was unusually late publishing the data this year. Bankers have been waiting months for the 2019 demographics to be released.
The 2019 demographic database was released on the very last day of August.
GeoDataVision has prepared CRA Census Tract Reference books available for free on the GeoDataVision website.
This map shows all MSA's and the counties that make up MSA's for 2019. This is important for Community Reinvestment Act ("CRA") purposes because MSA's are the geographic unit that affects reporting responsibilities and tract income class as well as borrower income classification for CRA and HMDA purposes.
Download your PDF checklist today.
Do you feel the pressure to reach impossible or ill-defined CRA Performance goals ? How you have constructed your Assessment Area may be your problem!