**2007 HMDA EDITS**

**QUICK REFERENCE TO UNDERSTANDING HMDA EDITS**

HMDA edits are divided into three types: Syntactical, Validity, and
Quality. Each edit questions specific reported data that should be
thoroughly checked in order to ensure the data are reported accurately.
These edits are defined as follows:

1\. **Syntactical** (S) - The loan applications will not be loaded to
the FFIEC database. [If]{.underline} they should be included on the
FFIEC database, the data [must]{.underline} be corrected. Some examples
are incorrect activity year used in your submission; or initial LAR data
(T2 record) already on file, which indicates that a LAR with a duplicate
loan application number was submitted.

S001-S006 are for FRB use only.

2\. **Validity** (V) - The specified data are reported incorrectly and
[must]{.underline} be corrected. The most common example is incorrect
census tracts.

3\. **Quality** (Q) - The data in question do not agree with an expected
standard (value). Review for correctness and change [only]{.underline}
if erroneous data has been reported. An example is reported income that
is less than or equal to \$9 thousand.

In addition, any data containing validity edits that are not corrected
will often result in an erroneous disclosure statement. Loan
applications with syntactical edits, if not corrected, will not be
represented on the disclosure statement at all. Data with quality edits,
if not corrected when inaccurate, will cause an incorrect disclosure
statement.

**[IMPORTANT NOTICE ABOUT METROPOLITAN STATISTICAL]{.underline}**

**[AREA/METROPOLITAN DIVISION REPORTING]{.underline}**

The Office of Management and Budget (OMB) adopted final standards for
Metropolitan and Micropolitan Statistical Areas in 2000, and on June 6,
2003 issued a list of these areas (reference OMB Bulletin 03-04),
showing new Metropolitan Statistical Areas and revisions to existing
areas. They then issued OMB Bulletin 04-03 in February 2004 that updated
some of these areas effective December 2003. There were 49 new
Metropolitan Statistical Areas, for a total of 369. There were also
extensive revisions to existing Metropolitan Statistical Areas.
Beginning with the reporting of calendar year 2004 HMDA data, the
revised and new Metropolitan Statistical Areas or Metropolitan Divisions
(where appropriate) are used in helping to identify the geographic
information about the property location.

The new list contained 578 Micropolitan Statistical Areas. However,
Micropolitan Statistical Areas are **NOT** used for HMDA reporting
purposes. In addition, the new list contained 123 Combined Statistical
Areas, which consisted of combinations of two or more Metropolitan
and/or Micropolitan Statistical Areas. Combined Statistical Areas are
also **NOT** used in HMDA reporting.

The Metropolitan Statistical Areas have at least one urbanized area of
50,000 or more population. There are 11 instances (Boston, Chicago,
Dallas, Detroit, Los Angeles, Miami, New York, Philadelphia, San
Francisco, Seattle, and Washington) where a Metropolitan Statistical
Area containing a single core with a population of 2.5 million or more
has been subdivided to form smaller groupings of counties referred to as
Metropolitan Divisions. In those cases, the appropriate Metropolitan
Division 5-digit code is used in the MSA/MD column of the Loan
Application Register (LAR) form instead of the Metropolitan Statistical
Area code assigned to the larger populated area.

For coverage purposes, if an institution has offices in Micropolitan
Statistical Areas [only]{.underline}, it is not subject to HMDA
reporting. If the institution, however, has a home or branch office in a
Metropolitan Statistical Area or Metropolitan Division and meets all
other reporting criteria, it is covered under HMDA. For information on
HMDA reporting criteria go to <http://www.ffiec.gov/hmda/reporter.htm>.
The institution is to report all mortgage lending activity. For those
properties located in Micropolitan Statistical Areas, or not located in
a Metropolitan or Micropolitan Statistical Area at all, report NA in the
MSA/MD column of the LAR form. In the remaining three fields (state,
county, census tract) report the 2-digit state and 3-digit county codes
as specified by the U.S. Department of Commerce in its Federal
Information Processing Standards (FIPS) publication, and because the
2000 Census tracted all areas, report the census tract number. However,
if the institution is not subject to CRA reporting requirements, the
institution has the option to enter NA in all four fields.

For more information about the OMB Bulletins, see the following web site
(<http://www.whitehouse.gov/omb/inforeg/statpolicy.html#ms>).

  -----------------------------------------------------------------------
  **2007 HMDA EDIT CHANGES:**

  -----------------------------------------------------------------------

-   **REVISED EDITS**

> **[Transmittal]{.underline}**
>
> S100 (pg 3) Edit test language modified to check for valid activity
> year.

-   **NEW EDITS**

> **[Loan/Application Register]{.underline}**
>
> Q059 (pg 14) Checks for valid property type if loan type = 3 or 4.
>
> Q060 (pg 12) Checks for valid date application received.
>
> Q061 (pg 14) Checks for valid rate spread when Agency = 5 (NCUA),
> property type = 1, lien status = 1, and action taken type = 1.
>
> Q062 (pg 14) Checks for valid HOEPA status when action taken = 1,
> HOEPA status = 1, lien status = 1 and purchaser type = 1.
>
> Q063 (pg 14) Checks for valid HOEPA status when action taken = 1,
> HOEPA status = 1, lien status =1 and type of purchaser = 3.
>
> **[END-OF-CYCLE Macro Quality Edit Reports]{.underline}**
>
> Q061 (pg 17) Checks that the total number of originated loans (action
> taken type =1) where property type = 1, lien status = 1, and rate
> spread \> 5% and not = NA is ≤ 1% of the total number of originated
> loans. **(Note: End-of-Cycle Macro Edit Q061 includes Agency 1, 2, 3,
> 4, 5, and 7)**
>
> Q062 (pg 17) Checks that the total number of originated loans (action
> taken type = 1) where HOEPA status = 1, lien status = 1 and purchaser
> type = 1 is ≤ 1% of the total number of originated loans.
>
> Q063 (pg 17) Checks that the total number of originated loans (action
> taken type = 1) where HOEPA status = 1, lien status = 1 and purchaser
> type = 3 is ≤ 1% of the total number of originated loans.

-   **DELETED EDITS**

> **[Loan/Application Register]{.underline}**
>
> V405 Replaced with Q059 (See New Edits).

V380 Replaced with Q060 (See New Edits).

**[EXPLANATION OF VALIDITY EDITS 285, 295, & 300]{.underline}**

Regulation C (Home Mortgage Disclosure Act) requires financial
institutions reporting NA in the metropolitan statistical
area/metropolitan division (MSA/MD) field to either enter NA or to enter
correct geographic information in the other three property location
fields (state, county, census tract) of the HMDA-LAR for the property in
question. The reported geographic data will be verified for its
validity.

Purpose: Validity edits 285 and 295 were added to the HMDA edits to
comply with Regulation C. These edits are intended to verify the
validity of the property location information when the MSA/MD field is
reported as NA or a numeric code.

> Validity edit 300 was modified to verify the validity of the census
> tract for the state/county combination reported regardless of what is
> reported in the MSA/MD field.

Further Explanation: When MSA/MD is NA or a valid metropolitan
statistical area/metropolitan division number and the state (V285),
state/county (V295), or state/county/census tract (V300) combinations
are provided, there must be verification that the combinations are
valid. Below are examples of the geographic combinations that may be
used if it is valid for a respondent to report an MSA/MD as NA.

> NA/51/NA/NA\* - State
>
> NA/51/059/NA - State/County
>
> NA/51/059/4154.00\*\* - State/County/Census Tract
>
> NA/NA/NA/NA\*\*\* - State/County/Census Tract

\*Though this example is an acceptable entry and will pass all validity
edits (provided a valid numeric state code is entered), the preference
is for the institution to provide a valid state/county combination or a
valid state/county/census tract combination. In the majority of cases,
an institution should be able to provide the state/county/census tract
combination since every state and county has a code and the 2000 Census
assigned census tract numbers to all areas.

\*\*For the State/County/Census Tract combination, a reported census
tract will always be verified. This combination is used when the
property is located in a Micropolitan Statistical Area and the
institution meets all the reporting criteria and is thus required to
report all mortgage lending activity. (NA will always be reported in the
MSA/MD column because HMDA does not use Micropolitan Statistical Area
numbers). In addition, where the county is classified as small it is
acceptable for a lender to code census tracts on properties in small
counties as NA on the HMDA-LAR form. (If MSA/MD is reported using the
valid metropolitan statistical area or metropolitan division (as
appropriate) number, then all other property fields must be coded with
the valid state/county/census tract combination.)

\*\*\*This example is acceptable in specific cases. For instance,
lenders may report NA in the property location fields associated with
requests for preapprovals that are denied or if lenders opt to report
preapprovals approved but not accepted. In addition, the NA combination
can be reported on property located outside the metropolitan statistical
area/metropolitan division in which an institution has a home or branch
office, or outside any metropolitan statistical area/metropolitan
division. **Note, however, that if you are a bank or savings association
that is also required to report CRA data, you must fully geocode the
property location on your HMDA data. NA is not valid except in those
cases where the property is located in a Micropolitan Statistical Area
or is not located in any Metropolitan or Micropolitan Statistical Area;
and in those examples, NA would only be reported in the MSA/MD column
and the appropriate state, county, and census tract numbers would be
reported.**

Any combination of the property location reported when the MSA/MD is NA,
other than those aforementioned, are incomplete; therefore, those
combinations will not be valid.

**[EXPLANATION OF VALIDITY EDITS 285, 295, & 300
(continued)]{.underline}**

In comprehending the logic of these validity edits, it may be useful to
begin at the census tract. If the census tract is reported by a lender,
then the county and state MUST also be reported. If a county is
reported, then a state MUST also be reported. A state may be reported by
itself, with a county, or with a county and census tract. In reverse
order, if an MSA/MD equals NA, then the acceptable combinations in the
majority of cases are state only, state/county, or state/county/census
tract.

If **CENSUS TRACT** is reported, then



**COUNTY** must be reported, then



**STATE** must be reported where



**METROPOLITAN STATISTICAL AREA/METROPOLITAN DIVISION (MSA/MD) = NA**

**LOAN/APPLICATION REGISTER** Page \_\_\_\_of\_\_\_\_ Form FR HMDA-LAR

Agency

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Reporter\'s
Identification Number Code

Name of Reporting Institution City, State, Zip

└──┴──┴──┴──┴──┴──┴──┴──┴──┴──┘ └──┘

All columns (except Reasons for Denial) must be completed for each
entry. See the instructions for details.

<table>
<colgroup>
<col style="width: 15%" />
<col style="width: 4%" />
<col style="width: 1%" />
<col style="width: 3%" />
<col style="width: 2%" />
<col style="width: 3%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 4%" />
<col style="width: 3%" />
<col style="width: 2%" />
<col style="width: 3%" />
<col style="width: 5%" />
<col style="width: 3%" />
<col style="width: 3%" />
<col style="width: 4%" />
<col style="width: 3%" />
<col style="width: 3%" />
<col style="width: 2%" />
<col style="width: 4%" />
<col style="width: 3%" />
<col style="width: 4%" />
<col style="width: 4%" />
<col style="width: 3%" />
<col style="width: 3%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="8">Application or Loan Information</td>
<td colspan="2">Action Taken</td>
<td colspan="4">Property Location</td>
<td colspan="7">Applicant Information<br />
A = Applicant CA = Co-Applicant</td>
<td rowspan="3">Type of<br />
Pur-<br />
chaser<br />
of Loan</td>
<td rowspan="3">Reason<br />
for<br />
Denial<br />
(optional)</td>
<td colspan="3">Other Data</td>
</tr>
<tr class="even">
<td rowspan="2">Application or<br />
Loan Number</td>
<td rowspan="2">Date<br />
Application<br />
Received<br />
mm/dd/ccyy</td>
<td rowspan="2">Loan<br />
Type</td>
<td rowspan="2">Prop-<br />
erty<br />
Type</td>
<td rowspan="2">Pur-<br />
pose</td>
<td rowspan="2">Owner<br />
Occu-<br />
pancy</td>
<td rowspan="2">Loan<br />
Amount<br />
In<br />
Thou-<br />
sands</td>
<td rowspan="2">Pre-<br />
ap-<br />
proval</td>
<td rowspan="2">Type</td>
<td rowspan="2">Date<br />
(mm/dd/ccyy)</td>
<td rowspan="2"><p>Five-<br />
digit</p>
<p>MSA/MD</p>
<p>Number</p></td>
<td rowspan="2">Two-<br />
Digit<br />
State<br />
Code</td>
<td rowspan="2">Three-<br />
Digit<br />
County<br />
Code</td>
<td rowspan="2">Six-Digit<br />
Census<br />
Tract</td>
<td colspan="2">Ethnicity</td>
<td colspan="2">Race</td>
<td colspan="2">Sex</td>
<td rowspan="2">Gross<br />
Annual<br />
Income<br />
in<br />
thou-<br />
sands</td>
<td rowspan="2">Rate Spread</td>
<td rowspan="2">HOEPA Status</td>
<td rowspan="2">Lien<br />
Status</td>
</tr>
<tr class="odd">
<td>A</td>
<td>CA</td>
<td>A</td>
<td>CA</td>
<td>A</td>
<td>CA</td>
</tr>
<tr class="even">
<td><p>Example of Loan Originated Following Preapproval</p>
<p>L│B│-│6│8│7│4│3│9│ │ │ │ │ │ │ │ │ │ │</p></td>
<td>01/15/2007</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>65</td>
<td>1</td>
<td>1</td>
<td>02/22/2007</td>
<td>47894</td>
<td>51</td>
<td>059</td>
<td>4 | 2 | 1 | 9 | - | 8 | 5</td>
<td>2</td>
<td>5</td>
<td>3 | 5 | | |</td>
<td>8 | | | |</td>
<td>1</td>
<td>5</td>
<td>24</td>
<td>7</td>
<td></td>
<td>N | A | - | |</td>
<td>2</td>
<td>1</td>
</tr>
<tr class="odd">
<td><p>Example of Preapproval Request Denied</p>
<p>5│6│7│8│9│0│4│3│2│1│|1│2│3│4│0│9│8│7│6│5</p></td>
<td>06/01/2007</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>125</td>
<td>1</td>
<td>7</td>
<td>06/20/2007</td>
<td>NA</td>
<td>NA</td>
<td>NA</td>
<td>N | A | | | - | |</td>
<td>2</td>
<td>2</td>
<td>3 | | | |</td>
<td>2 | | | |</td>
<td>1</td>
<td>2</td>
<td>40</td>
<td>0</td>
<td>1,3</td>
<td>N | A | - | |</td>
<td>2</td>
<td>1</td>
</tr>
<tr class="even">
<td><p>Example of Application Denied Following Preapproval</p>
<p>5│6│7│8│9│0│4│3│2│1│|1│2│3│4│0│9│8│7│6│5</p></td>
<td>03/20/2007</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>1</td>
<td>30</td>
<td>1</td>
<td>3</td>
<td>04/30/2007</td>
<td>11500</td>
<td>01</td>
<td>015</td>
<td>0 | 0 | 2 | 1 | - | 0 | 0</td>
<td>1</td>
<td>1</td>
<td>5 | | | |</td>
<td>3| | | |</td>
<td>2</td>
<td>1</td>
<td>20</td>
<td>0</td>
<td>4,5</td>
<td>N | A | - | |</td>
<td>2</td>
<td>1</td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
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<td></td>
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<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | | | - | |</td>
<td></td>
<td></td>
<td>| | | |</td>
<td>| | | |</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>| | - | |</td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>(A)</td>
<td>(B)</td>
<td>(C)</td>
<td>(D)</td>
<td>(E)</td>
<td>(F)</td>
<td>(G)</td>
<td>(H)</td>
<td>(I)</td>
<td>(J)</td>
<td>(K)</td>
<td>(L)</td>
<td>(M)</td>
<td>(N)</td>
<td>(O)</td>
<td>(P)</td>
<td>(Q)</td>
<td>(R)</td>
<td>(S)</td>
<td>(T)</td>
<td>(U)</td>
<td>(V)</td>
<td>(W)</td>
<td>(X)</td>
<td>(Y)</td>
<td>(Z)</td>
</tr>
</tbody>
</table>

**LOAN/APPLICATION REGISTER CODE SHEET**

Use the following codes to complete the Loan/Application Register. All
columns (except Reasons for Denial) must be completed for each entry.
See the HMDA-LAR instructions for explanations regarding the

proper use of each code listed below.

+-----------------------+----------------------+----------------------+
| **Application or Loan | Action Taken: (I)    | **Type of            |
| Information**         |                      | Purchaser** **(V)**  |
|                       | 1 \-- Loan           |                      |
| Loan Type: (C)        | originated           | 0 \--Loan was not    |
|                       |                      | originated or was    |
| 1 -- Conventional     | 2 \-- Application    | not sold in calendar |
| (any loan other than  | approved but not     | year                 |
| FHA, VA, FSA, or RHS  | accepted             |                      |
| loans)                |                      | 1 -- Fannie Mae      |
|                       | 3 \-- Application    |                      |
| 2 \-- FHA-insured     | denied by financial  | 2 -- Ginnie Mae      |
| (Federal Housing      | institution          |                      |
| Administration)       |                      | 3 -- Freddie Mac     |
|                       | 4 \-- Application    |                      |
| 3 \-- VA-guaranteed   | withdrawn by         | 4 -- Farmer Mac      |
| (Veterans             | applicant            |                      |
| Administration)       |                      | 5 -- Private         |
|                       | 5 \-- File closed    | securitization       |
| 4 --                  | for incompleteness   |                      |
| FSA/RHS-guaranteed    |                      | 6 -- Commercial      |
| (Farm Service Agency  | 6 \-- Loan purchased | bank, savings bank   |
| or Rural Housing      | by your institution  | or savings           |
| Service)              |                      | association          |
|                       | 7 -- Preapproval     |                      |
|                       | request denied by    | 7 \-- Life insurance |
|                       | financial            | company, credit      |
|                       | institution          | union, mortgage      |
|                       |                      | bank, or finance     |
|                       | 8 -- Preapproval     |                      |
|                       | request approved but | company              |
|                       | not accepted         |                      |
|                       | (optional reporting) | 8 \-- Affiliate      |
|                       |                      | institution          |
|                       |                      |                      |
|                       |                      | 9 \-- Other type of  |
|                       |                      | purchaser            |
+-----------------------+----------------------+----------------------+
| Property Type: (D)    | **Applicant          | **Reasons for Denial |
|                       | Information**        | (optional reporting) |
| 1 -- One to           |                      | (W)**                |
| four-family (other    | Ethnicity: (O) (P)   |                      |
| than manufactured     |                      | 1 \-- Debt-to-income |
| housing)              | 1 -- Hispanic or     | ratio                |
|                       | Latino               |                      |
| 2 -- Manufactured     |                      | 2 \-- Employment     |
| housing               | 2 -- Not Hispanic or | history              |
|                       | Latino               |                      |
| 3 -- Multifamily      |                      | 3 \-- Credit history |
|                       | 3 -- Information not |                      |
|                       | provided by          | 4 \-- Collateral     |
|                       | applicant in mail,   |                      |
|                       | Internet, or         | 5 \-- Insufficient   |
|                       |                      | cash (down payment,  |
|                       | telephone            | closing costs)       |
|                       | application (see     |                      |
|                       | App. A, I.D.2.)      | 6 \-- Unverifiable   |
|                       |                      | information          |
|                       | 4 -- Not applicable  |                      |
|                       |                      | 7 \-- Credit         |
|                       | 5 -- No co-applicant | application          |
|                       |                      | incomplete           |
|                       |                      |                      |
|                       |                      | 8 \-- Mortgage       |
|                       |                      | insurance denied     |
|                       |                      |                      |
|                       |                      | 9 -- Other           |
+-----------------------+----------------------+----------------------+
| Purpose of loan: (E)  | Race: (Q) (R)        | # Other Data         |
|                       |                      |                      |
| 1 \-- Home purchase   | 1 \-- American       | HOEPA Status         |
|                       | Indian or Alaska     |                      |
| 2 \-- Home            | Native               | (only for loans      |
| improvement           |                      | originated or        |
|                       | 2 \-- Asian          | purchased): (Y)      |
| 3 -- Refinancing      |                      |                      |
|                       | 3 -- Black or        | 1---HOEPA loan       |
|                       | African American     |                      |
|                       |                      | 2---Not a HOEPA loan |
|                       | 4 -- Native Hawaiian |                      |
|                       | or Other Pacific     |                      |
|                       | Islander             |                      |
|                       |                      |                      |
|                       | 5 \-- White          |                      |
|                       |                      |                      |
|                       | 6 \-- Information    |                      |
|                       | not provided by      |                      |
|                       | applicant in mail,   |                      |
|                       | Internet, or         |                      |
|                       |                      |                      |
|                       | telephone            |                      |
|                       | application (see     |                      |
|                       | App. A, I.D.2.)      |                      |
|                       |                      |                      |
|                       | 7 -- Not applicable  |                      |
|                       |                      |                      |
|                       | 8 -- No co-applicant |                      |
+-----------------------+----------------------+----------------------+
| Owner-Occupancy: (F)  | Sex: (S) (T)         | Lien Status (only    |
|                       |                      | for applications and |
| 1 \-- Owner-occupied  | 1 \-- Male           | originations): (Z)   |
| as a principal        |                      |                      |
| dwelling              | 2 \-- Female         | 1---Secured by a     |
|                       |                      | first lien           |
| 2 \-- Not             | 3 \-- Information    |                      |
| owner-occupied        | not provided by      | 2---Secured by a     |
|                       | applicant in mail,   | subordinate lien     |
| 3 \-- Not applicable  | Internet, or         |                      |
|                       |                      | 3---Not secured by a |
|                       | telephone            | lien                 |
|                       | application (see     |                      |
|                       | App. A, I.D.2.)      | 4---Not applicable   |
|                       |                      | (purchased loans)    |
|                       | 4 \-- Not applicable |                      |
|                       |                      |                      |
|                       | 5 -- No co-applicant |                      |
+-----------------------+----------------------+----------------------+
| Preapproval (home     |                      |                      |
| purchase loans only): |                      |                      |
| (H)                   |                      |                      |
|                       |                      |                      |
| 1 -- Preapproval was  |                      |                      |
| requested             |                      |                      |
|                       |                      |                      |
| 2 -- Preapproval was  |                      |                      |
| not requested         |                      |                      |
|                       |                      |                      |
| 3 -- Not applicable   |                      |                      |
+-----------------------+----------------------+----------------------+

**[SYNTACTICAL & VALIDITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT -
LOAN/APPLICATION REGISTER]{.underline}**

+----------+----+-----------------------------+----------------------+
| **[Tra   | #  | #                           | #                    |
| nsaction |    |                             |                      |
| Item(s   | #  | # Edit Test                 | # Error Explanation  |
| )]{.unde | ED |                             |                      |
| rline}** | CK |                             |                      |
+----------+----+-----------------------------+----------------------+
| **[File  |    |                             |                      |
| D        |    |                             |                      |
| escripti |    |                             |                      |
| on]{.und |    |                             |                      |
| erline}: |    |                             |                      |
| For FRB  |    |                             |                      |
| Use      |    |                             |                      |
| Only**   |    |                             |                      |
+----------+----+-----------------------------+----------------------+
| Series   | S0 | Series identifier must =    | Series identifier    |
| Id       | 01 | HMDA.                       | does not = HMDA      |
| entifier |    |                             |                      |
+----------+----+-----------------------------+----------------------+
| File     | S0 | File status indicator must  | Invalid File Status: |
| Status   | 02 | = P for production or T for | Not P (Production)   |
| I        |    | test.                       | or T (Test)          |
| ndicator |    |                             |                      |
+----------+----+-----------------------------+----------------------+
| Record   | S0 | Record identifier must = 0. | Record identifier    |
| Id       | 03 |                             | does not = zero      |
| entifier |    |                             |                      |
+----------+----+-----------------------------+----------------------+
| Source   | S0 | Source identifier must = 1, | Source identifier    |
| Id       | 04 | 2, 3, 4, 5, 7, or 9         | does not = 1-5, 7,   |
| entifier |    |                             | or 9                 |
+----------+----+-----------------------------+----------------------+
| Tran     | S0 | Transmission timestamp must | Transmission         |
| smission | 05 | be numeric.                 | timestamp is missing |
| T        |    |                             | or non-numeric       |
| imestamp |    |                             |                      |
+----------+----+-----------------------------+----------------------+
| Year of  | S0 | Year of data must be        | Year of data not     |
| Data     | 06 | numeric/CCYY format.        | numeric or in CCYY   |
|          |    |                             | format               |
+----------+----+-----------------------------+----------------------+

+----------+----+-----------------------------+---+----------------------+
| **[Tra   | #  | #                           | # |                      |
| nsaction |    |                             |   |                      |
| Item(s   | #  | # Edit Test                 |   |                      |
| )]{.unde | ED |                             | # |                      |
| rline}** | CK |                             |   |                      |
|          |    |                             | E |                      |
|          |    |                             | r |                      |
|          |    |                             | r |                      |
|          |    |                             | o |                      |
|          |    |                             | r |                      |
|          |    |                             |   |                      |
|          |    |                             | E |                      |
|          |    |                             | x |                      |
|          |    |                             | p |                      |
|          |    |                             | l |                      |
|          |    |                             | a |                      |
|          |    |                             | n |                      |
|          |    |                             | a |                      |
|          |    |                             | t |                      |
|          |    |                             | i |                      |
|          |    |                             | o |                      |
|          |    |                             | n |                      |
+----------+----+-----------------------------+---+----------------------+
| #        |    |                             |   |                      |
|          |    |                             |   |                      |
| # Tra    |    |                             |   |                      |
| nsmittal |    |                             |   |                      |
|  Sheet & |    |                             |   |                      |
|  Loan/Ap |    |                             |   |                      |
| plicatio |    |                             |   |                      |
| n Regist |    |                             |   |                      |
| er (LAR) |    |                             |   |                      |
+----------+----+-----------------------------+---+----------------------+
| Record   | S0 | Record identifier must = 1  |   | Record identifier    |
| Id       | 10 | (Transmittal Sheet) or 2    |   | does not = 1         |
| entifier |    | (LAR).                      |   | (transmittal ) or    |
|          |    |                             |   |                      |
|          |    |                             |   | 2 (LAR)              |
+----------+----+-----------------------------+---+----------------------+
| T        | S0 | Timestamp must be later     |   | Record timestamp is  |
| imestamp | 13 | than timestamp on database. |   | earlier than, or     |
|          |    |                             |   | equal to,            |
|          |    |                             |   |                      |
|          |    |                             |   | timestamp on         |
|          |    |                             |   | database (format =   |
|          |    |                             |   | ccyymmddhhmm)        |
+----------+----+-----------------------------+---+----------------------+
| Agency   | S0 | Agency code must = 1, 2, 3, |   | Agency code not      |
| Code     | 20 | 4, 5, 7. The agency that    |   | valid for agency     |
|          |    | submits the                 |   | sending data         |
|          |    |                             |   |                      |
|          |    | data must be the same as    |   |                      |
|          |    | the reported agency code.   |   |                      |
+----------+----+-----------------------------+---+----------------------+
| Control  | S0 | Control number must = a     |   | Invalid Respondent   |
| Number   | 25 | valid Respondent            |   | Identifier/Agency    |
|          |    | Identifier/Agency Code      |   | code                 |
|          |    |                             |   |                      |
|          |    | Combination for date        |   | combination or ID    |
|          |    | processed.                  |   | not on panel         |
+----------+----+-----------------------------+---+----------------------+
| T        | S0 | Timestamp must be numeric.  |   | Timestamp is missing |
| imestamp | 28 |                             |   | or nonnumeric        |
|          |    |                             |   | (format =            |
|          |    |                             |   |                      |
|          |    |                             |   | ccyymmddhhmm)        |
+----------+----+-----------------------------+---+----------------------+
| Tra      | S0 | Transaction code must = 1,  |   | Transaction code not |
| nsaction | 30 | 2, 3, or 4                  |   | in range 1-4         |
| Code     |    |                             |   |                      |
+----------+----+-----------------------------+---+----------------------+
| Tra      | S0 | Transaction code must = 1   |   | Invalid transaction  |
| nsaction | 35 | whenever data are being     |   | code (1); no data on |
| code-T1  |    | deleted.                    |   | file to delete       |
|          |    |                             |   |                      |
| (Delete) |    |                             |   |                      |
+----------+----+-----------------------------+---+----------------------+
| Tra      | S0 | Transaction code must = 2   |   | Invalid transaction  |
| nsaction | 40 | whenever initial data are   |   | code (2); initial    |
| code-T2  |    | being                       |   | data already on      |
|          |    |                             |   |                      |
| (Initial |    | Transmitted.                |   | file                 |
| Trans    |    |                             |   |                      |
| mission) |    |                             |   |                      |
+----------+----+-----------------------------+---+----------------------+
| Tra      | S0 | Transaction code must = 3   |   | Invalid transaction  |
| nsaction | 45 | whenever data are being     |   | code (3); no initial |
| code-T3  |    | corrected or                |   | data on file to      |
|          |    |                             |   |                      |
| (Correct |    | revised.                    |   | revise               |
| /Revise) |    |                             |   |                      |
+----------+----+-----------------------------+---+----------------------+

+------------+---+----+------------------------------+--------------------+
| #          | # |    | #                            | #                  |
|  Transacti |   |    |                              |                    |
| on Item(s) |   |    | # Edit Test                  | #                  |
|            | # |    |                              |  Error Explanation |
|            |   |    |                              |                    |
|            | E |    |                              |                    |
|            | D |    |                              |                    |
|            | C |    |                              |                    |
|            | K |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| # Tran     |   |    |                              |                    |
| smittal Sh |   |    |                              |                    |
| eet (only) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Activity   |   | S1 | Activity Year must = year    | Invalid Activity   |
| Year       |   | 00 | being processed (= 2007).    | Year               |
+------------+---+----+------------------------------+--------------------+
| Respondent |   | V1 | Respondent name, address,    | Respondent name,   |
| Mailing    |   | 05 | city, state, and zip code    | address, city,     |
| Address    |   |    | must not = blank.            | state or zip code  |
|            |   |    |                              |                    |
|            |   |    |                              | is missing         |
+------------+---+----+------------------------------+--------------------+
| Respondent |   | V1 | Respondent state code must   | Respondent state   |
| State Code |   | 40 | equal a valid postal code    | code is an invalid |
|            |   |    | abbreviation (i.e., AL for   | postal code        |
|            |   |    | Alabama).                    |                    |
+------------+---+----+------------------------------+--------------------+
| Respondent |   | V1 | Respondent zip code format   | Respondent zip     |
| Zip Code   |   | 45 | must be NNNNN or NNNNN-NNNN  | code is an invalid |
|            |   |    | and left justified.          | format             |
+------------+---+----+------------------------------+--------------------+
| Parent     |   | V1 | If respondent is a mortgage  | Parent name,       |
| Mailing    |   | 10 | banking subsidiary (MBS) or  | address, city,     |
| Address    |   |    | a                            | state, or zip code |
|            |   |    |                              | is                 |
|            |   |    | nondepository institution    |                    |
|            |   |    | that has an affiliation with | missing            |
|            |   |    | a depository                 |                    |
|            |   |    |                              |                    |
|            |   |    | institution, then parent     |                    |
|            |   |    | name of the MBS or the       |                    |
|            |   |    | depository                   |                    |
|            |   |    |                              |                    |
|            |   |    | institution that the         |                    |
|            |   |    | nondepository institution is |                    |
|            |   |    | affiliated with              |                    |
|            |   |    |                              |                    |
|            |   |    | along with the address,      |                    |
|            |   |    | city, state and zip code     |                    |
|            |   |    | must not = blank.            |                    |
+------------+---+----+------------------------------+--------------------+
| Parent     |   | V1 | If parent state code is      | Parent state code  |
| State Code |   | 11 | reported, then the postal    | is an invalid      |
|            |   |    | code abbreviation            | postal code        |
|            |   |    |                              |                    |
|            |   |    | must be valid (i.e., AL for  |                    |
|            |   |    | Alabama).                    |                    |
+------------+---+----+------------------------------+--------------------+
| Parent Zip |   | V1 | If parent zip code is        | Parent zip code is |
| Code       |   | 12 | reported, then the format    | an invalid format  |
|            |   |    | must be NNNNN                |                    |
|            |   |    |                              |                    |
|            |   |    | or NNNNN-NNNN and left       |                    |
|            |   |    | justified.                   |                    |
+------------+---+----+------------------------------+--------------------+
| Contact    |   | V1 | Name of contact person must  | Name of contact    |
| Name       |   | 15 | not = blank.                 | person is missing  |
+------------+---+----+------------------------------+--------------------+
| Contact    |   | V1 | Contact person telephone     | Telephone number   |
| Telephone  |   | 20 | number must be in            | for contact person |
| Number     |   |    | NNN-NNN-NNNN                 | not in valid       |
|            |   |    |                              |                    |
|            |   |    | format and not blank.        | format or is       |
|            |   |    |                              | missing            |
+------------+---+----+------------------------------+--------------------+
| Fax Number |   | V1 | Fax Number must be in        | Fax Number not in  |
|            |   | 35 | NNN-NNN-NNNN format and not  | valid format or is |
|            |   |    | = blank.                     | missing            |
+------------+---+----+------------------------------+--------------------+
| \# of Loan |   | V1 | The number of loan           | Loan applications  |
| Ap         |   | 30 | applications received in     | received in this   |
| plications |   |    | this transmission file       | transmission       |
|            |   |    |                              |                    |
|            |   |    | per respondent does not =    | are missing or not |
|            |   |    | the total number of loan     | = to the total     |
|            |   |    | applications                 | number of          |
|            |   |    |                              |                    |
|            |   |    | reported in this             | loan applications  |
|            |   |    | respondent's transmission or | reported in this   |
|            |   |    | the total number of          | transmission       |
|            |   |    |                              |                    |
|            |   |    | loan application records in  |                    |
|            |   |    | this submission is missing   |                    |
|            |   |    | for the                      |                    |
|            |   |    |                              |                    |
|            |   |    | transmittal sheet.           |                    |
+------------+---+----+------------------------------+--------------------+
| #          |   | #  | #                            | #                  |
|  Transacti |   |    |                              |                    |
| on Item(s) |   | #  | # Edit Test                  | #                  |
|            |   | ED |                              |  Error Explanation |
|            |   | CK |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Tax        |   | V1 | Tax ID number must be in     | Tax ID number not  |
| Iden       |   | 25 | NN-NNNNNNN format and not =  | in valid format or |
| tification |   |    |                              | is missing         |
| (ID)       |   |    | (99-9999999 or 00-0000000 or |                    |
|            |   |    | blank).                      |                    |
| Number     |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| #          |   |    |                              |                    |
|            |   |    |                              |                    |
| # Lo       |   |    |                              |                    |
| an/Applica |   |    |                              |                    |
| tion Regis |   |    |                              |                    |
| ter (only) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Record     |   | V2 | If record identifier = "2",  | LAR received;      |
| Identifier |   | 00 | then record identifier "1"   | Transmittal Sheet  |
|            |   |    | must be in this transmission | not received       |
|            |   |    | file for the same            |                    |
|            |   |    | respondent.                  |                    |
+------------+---+----+------------------------------+--------------------+
| Applic     |   | S2 | Application/Loan number must | Application/Loan   |
| ation/Loan |   | 05 | not be blank.                | number missing     |
| Number     |   |    |                              |                    |
|            |   |    |                              |                    |
| (Column A) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Date       |   | V2 | Date application received    | Application Month, |
| A          |   | 10 | must be in CCYYMMDD format;  | day, year and/or   |
| pplication |   |    | month and day must be in the | century not valid  |
| Received   |   |    | range 01-12 and 01-31,       |                    |
|            |   |    | respectively or equal NA.    |                    |
| (Column B) |   |    | CCYY must be numeric.        |                    |
+------------+---+----+------------------------------+--------------------+
| Date       |   | V2 | If Action taken type = 6,    | Loan was           |
| A          |   | 15 | then date application        | purchased;         |
| pplication |   |    | received must = NA.          | therefore          |
| Received   |   |    |                              | application date   |
|            |   |    |                              | must equal NA      |
| (Column B) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Loan Type  |   | V2 | Loan type must = 1, 2, 3, or | Loan type is       |
|            |   | 20 | 4.                           | missing or is not  |
| (Column C) |   |    |                              | in range 1-4       |
+------------+---+----+------------------------------+--------------------+
| Property   |   | V4 | Property type must = 1, 2,   | Property type is   |
| Type       |   | 00 | or 3.                        | missing or is not  |
|            |   |    |                              | in range 1-3       |
| (Column D) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Loan       |   | V2 | Loan purpose must = 1, 2, or | Loan purpose is    |
| Purpose    |   | 25 | 3.                           | missing or is not  |
|            |   |    |                              | in range 1-3       |
| (Column E) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Loan       |   | V4 | If lien status = 3, then     | Lien status = 3;   |
| Purpose    |   | 10 | loan purpose must = 2.       | therefore loan     |
|            |   |    |                              | purpose must = 2   |
| (Column E) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Occupancy  |   | V2 | Occupancy must = 1, 2, or 3. | Occupancy is       |
|            |   | 30 |                              | missing or does    |
| (Column F) |   |    |                              | not equal 1, 2, or |
|            |   |    |                              | 3                  |
+------------+---+----+------------------------------+--------------------+
| Loan       |   | V2 | Loan amount must be numeric  | Loan amount is not |
| Amount     |   | 50 | and \> zero.                 | numeric or not \>  |
|            |   |    |                              | 0                  |
| (Column G) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| P          |   | V4 | Preapproval must = 1, 2, or  | Preapproval is     |
| reapproval |   | 15 | 3.                           | missing or is not  |
|            |   |    |                              | in range 1-3.      |
| (Column H) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| **[T       |   | #  | #                            | #                  |
| ransaction |   |    |                              |                    |
| It         |   | #  | # Edit Test                  | #                  |
| em(s)]{.un |   | ED |                              |  Error Explanation |
| derline}** |   | CK |                              |                    |
+------------+---+----+------------------------------+--------------------+
| P          |   | V4 | If loan purpose = 1 and      | Loan purpose = 1   |
| reapproval |   | 25 | action taken type = 6, then  | and action taken   |
|            |   |    | preapproval must = 3.        | type = 6;          |
| (Column H) |   |    |                              | therefore          |
|            |   |    |                              | preapproval must = |
|            |   |    |                              | 3                  |
+------------+---+----+------------------------------+--------------------+
| P          |   | V4 | If loan purpose = 2 or 3,    | Loan purpose = 2   |
| reapproval |   | 30 | then preapproval must = 3.   | or 3 and           |
|            |   |    |                              | preapproval is     |
| (Column H) |   |    |                              | missing or does    |
|            |   |    |                              | not = 3            |
+------------+---+----+------------------------------+--------------------+
| P          |   | V4 | If action taken type = 7 or  | Action taken type  |
| reapproval |   | 35 | 8, then preapproval must =   | = 7 or 8 and       |
|            |   |    | 1.                           | preapproval is     |
| (Column H) |   |    |                              | missing or does    |
|            |   |    |                              | not = 1            |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V2 | Action taken type must = 1,  | Action taken type  |
| Taken -    |   | 55 | 2, 3, 4, 5, 6, 7, or 8.      | is missing or not  |
| Type       |   |    |                              | in range 1-8       |
|            |   |    |                              |                    |
| (Column I) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V2 | If reasons for denial are in | Application or     |
| Taken -    |   | 60 | the range 1-9, then action   | preapproval not    |
| Type       |   |    | taken type must = 3 or 7.    | denied, but denial |
|            |   |    |                              | reasons given      |
| (Column I) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V2 | If date application received | Date application   |
| Taken -    |   | 62 | = NA, then action taken type | received = NA;     |
| Type       |   |    | must = 6.                    | therefore action   |
|            |   |    |                              | taken type must =  |
| (Column I) |   |    |                              | 6                  |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V4 | If preapproval = 1, then     | Preapproval = 1    |
| Taken -    |   | 40 | action taken type must =     | and action taken   |
| Type       |   |    | 1-5, 7 or 8.                 | type is missing or |
|            |   |    |                              | does not = 1-5, 7  |
| (Column I) |   |    |                              | or 8               |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V4 | If preapproval = 2, then     | Preapproval = 2    |
| Taken --   |   | 45 | action taken type must =     | and action taken   |
| Type       |   |    | 1-5.                         | type is missing or |
|            |   |    |                              | does not = 1-5     |
| (Column I) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V4 | If preapproval = 3, then     | Preapproval = 3    |
| Taken --   |   | 47 | action taken type must =     | and action taken   |
| Type       |   |    | 1-6.                         | type is missing or |
|            |   |    |                              | does not = 1-6     |
| (Column I) |   |    |                              |                    |
+------------+---+----+------------------------------+--------------------+
| Action     |   | V2 | Action taken date must be in | Action taken date  |
| Taken -    |   | 65 | CCYYMMDD format; month and   | is invalid format  |
| Date       |   |    | day must be in the range     | and/or date        |
|            |   |    | 01-12 and 01-31,             |                    |
| (Column J) |   |    | respectively. CCYY must be   |                    |
|            |   |    | numeric.                     |                    |
+------------+---+----+------------------------------+--------------------+
| Action     |   | S2 | Century (CC) and Year (YY)   | Century and/or     |
| Taken -    |   | 70 | of action taken date must =  | year for action    |
| Date       |   |    | activity century/year (CCYY) | taken date does    |
|            |   |    | for period being processed.  | not match activity |
| (Column J) |   |    |                              | century/year       |
+------------+---+----+------------------------------+--------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Action    | V2 | If date application         | Action taken date is |
| Taken -   | 75 | received does not = NA,     | earlier than         |
| Date      |    | then action taken date must | application date     |
|           |    | be ≥ date application       |                      |
| (Column   |    | received.                   |                      |
| J)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| MSA/MD    | V2 | MSA/MD must = a valid       | MSA/MD number does   |
| Number    | 80 | Metropolitan Statistical    | not = a valid        |
|           |    | Area or Metropolitan        | Metropolitan         |
| (Column   |    | Division (if appropriate)   | Statistical          |
| K)        |    | code for period being       | Area/Metropolitan    |
|           |    | processed or NA.            | Division code or NA, |
|           |    |                             | or is missing        |
+-----------+----+-----------------------------+----------------------+
| State     | V2 | State must = a valid FIPS   | State does not = a   |
| Code      | 85 | code or (NA where MSA/MD =  | valid state code or  |
|           |    | NA).                        | (state equals NA and |
| (Column   |    |                             | MSA/MD not NA)       |
| L)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| M         | V2 | If MSA/MD does not = NA,    | MSA/MD, state, and   |
| SA/MD,Sta | 90 | then MSA/MD, state, and     | county codes do not  |
| te,County |    | county codes must = a valid | = a valid            |
| Codes     |    | combination.                | combination          |
|           |    |                             |                      |
| (Columns  |    |                             |                      |
| K, L, and |    |                             |                      |
| M)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Sta       | V2 | State and county must = a   | State/county does    |
| te/County | 95 | valid combination or        | not equal a valid    |
| Codes     |    | (county = NA where MSA/MD = | combination or       |
|           |    | NA).                        | (county equals NA    |
| (Columns  |    |                             | and MSA/MD not NA)   |
| L and M)  |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Census    | V3 | Census tract must = a valid | Census tract not in  |
| Tract     | 00 | census tract number for the | valid format or is   |
|           |    | MSA/MD, state, county       | missing, does not    |
| (Column   |    | combination or (NA if       | equal NA, or does    |
| N)        |    | county is classified as     | not equal a valid    |
|           |    | small) or (where MSA/MD =   | census tract number  |
|           |    | NA the census tract must =  |                      |
|           |    | a valid census tract for    |                      |
|           |    | the state/county            |                      |
|           |    | combination or NA). Valid   |                      |
|           |    | census tract format must be |                      |
|           |    | NNNN.NN or NA, left         |                      |
|           |    | justified.                  |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | Applicant ethnicity must =  | Applicant ethnicity  |
| Ethnicity | 50 | 1, 2, 3, or 4.              | is missing or not in |
|           |    |                             | range 1-4            |
| (Column   |    |                             |                      |
| O)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | If first applicant race =   | Applicant ethnicity  |
| Ethnicity | 52 | 1, 2, 3, or 5 and           | must = 4 if first    |
|           |    | (application date is \<     | applicant race = 1-3 |
| (Column   |    | 20040101 and does not equal | or 5 and             |
| O)        |    | NA), applicant ethnicity    | (application date in |
|           |    | field must = 4.             | 2003 and not = to    |
|           |    |                             | NA)                  |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | Co-Applicant ethnicity must | Co-Applicant         |
| Applicant | 60 | = 1, 2, 3, 4, or 5.         | ethnicity is missing |
| Ethnicity |    |                             | or not in range 1-5  |
|           |    |                             |                      |
| (Column   |    |                             |                      |
| P)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | If first co-applicant race  | Co-applicant         |
| Applicant | 62 | = 1, 2, 3, or 5 and         | ethnicity must = 4   |
| Ethnicity |    | (application date is \<     | if first             |
|           |    | 20040101 and does not equal | co-applicant race =  |
| (Column   |    | NA), the co-applicant       | 1-3 or 5 and         |
| P)        |    | ethnicity field must = 4.   | (application date in |
|           |    |                             | 2003 and not = to    |
|           |    |                             | NA)                  |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | Co-Applicant ethnicity does | If no co-applicant,  |
| Applicant | 63 | not = 5; however,           | co-applicant         |
| Ethnicity |    | co-applicant race field 1 = | ethnicity/race/sex   |
|           |    | 8 and/or co-applicant sex = | combination invalid  |
| (Column   |    | 5.                          |                      |
| P)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | If (applicant ethnicity = 2 | (Applicant ethnicity |
| Race      | 55 | or 3), or (applicant        | = 2 or 3), or        |
|           |    | ethnicity = 1, and          | (applicant ethnicity |
| (Column   |    | application date ≥ 20040101 | = 1, and application |
| Q)        |    | and does not = NA), then    | date ≥ 20040101 and  |
|           |    | the first applicant race    | not = to NA);        |
|           |    | field must not = 7.         | therefore first      |
|           |    |                             | applicant race       |
|           |    |                             | invalid              |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | If (co-applicant ethnicity  | (Co-applicant        |
| Applicant | 65 | = 2 or 3), or (co-applicant | ethnicity = 2 or 3), |
| Race      |    | ethnicity = 1, and          | or (co-applicant     |
|           |    | application date ≥ 20040101 | ethnicity = 1, and   |
| (Column   |    | and does not = NA), then    | application date ≥   |
| R)        |    | the first co-applicant race | 20040101 and not =   |
|           |    | field must not = 7 or 8.    | to NA); therefore    |
|           |    |                             | first co-applicant   |
|           |    |                             | race invalid         |
+-----------+----+-----------------------------+----------------------+
| Applicant | V3 | Applicant race field 1 must | Applicant race field |
| Race      | 10 | = 1, 2, 3, 4, 5, 6, or 7.   | 1 is missing or is   |
|           |    |                             | not in range 1-7     |
| (Column   |    |                             |                      |
| Q)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | If applicant race = 1-5 in  | Applicant race       |
| Race      | 70 | applicant race field 1,     | fields 2 - 5 are not |
|           |    | then all other applicant    | blank or in range    |
| (Column   |    | race fields must = blank or |                      |
| Q)        |    | 1-5.                        | 1-5                  |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | If applicant race = 6 or 7  | Applicant race field |
| Race      | 75 | in applicant race field 1,  | 1= 6 or 7; therefore |
|           |    | then all other applicant    | all other applicant  |
| (Column   |    | race fields must = blank.   | race fields must =   |
| Q)        |    |                             | blank                |
+-----------+----+-----------------------------+----------------------+
| Applicant | V4 | Applicant race must not be  | Applicant race is    |
| Race      | 80 | the same (i.e. 1,1; 1,1,2;  | the same             |
|           |    | 1,2,3,4,1), when more than  |                      |
| (Column   |    | one applicant race is       |                      |
| Q)        |    | designated.                 |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V3 | Co-Applicant race field 1   | Co-Applicant race    |
| Applicant | 15 | must = 1, 2, 3, 4, 5, 6, 7, | field 1 is missing   |
| Race      |    | or 8.                       | or is not in range   |
|           |    |                             | 1-8                  |
| (Column   |    |                             |                      |
| R)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V3 | Co-Applicant race field 1   | If no co-applicant,  |
| Applicant | 17 | does not = 8; however,      | co-applicant         |
| Race      |    | co-applicant ethnicity      | race/sex/ethnicity   |
|           |    | and/or co-applicant sex =   | combination invalid  |
| (Column   |    | 5.                          |                      |
| R)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | If co-applicant race = 1-5  | Co-Applicant race    |
| Applicant | 85 | in co-applicant race field  | fields 2-5 are not   |
| Race      |    | 1, then all other           | blank or in range    |
|           |    | co-applicant race fields    | 1-5                  |
| (Column   |    | must = blank or 1-5.        |                      |
| R)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | If co-applicant race = 6,   | Co-Applicant race    |
| Applicant | 90 | 7, or 8 in co-applicant     | field 1 = 6, 7, or   |
| Race      |    | race field 1, then all      | 8; therefore all     |
|           |    | other co-applicant race     | other co-applicant   |
| (Column   |    | fields must = blank.        | race fields must =   |
| R)        |    |                             | blank                |
+-----------+----+-----------------------------+----------------------+
| Co-       | V4 | Co-Applicant race must not  | Co-Applicant race is |
| Applicant | 95 | be the same (i.e. 1,1;      | the same             |
| Race      |    | 1,1,2; 1,2,3,4,1), when     |                      |
|           |    | more than one co-applicant  |                      |
| (Column   |    | race is designated.         |                      |
| R)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | V3 | Applicant sex must = 1, 2,  | Applicant sex is     |
| Sex       | 20 | 3, or 4.                    | missing or is not in |
|           |    |                             | range 1-4            |
| (Column   |    |                             |                      |
| S)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V3 | Co-Applicant sex must = 1,  | Co-Applicant sex is  |
| Applicant | 25 | 2, 3, 4, or 5.              | missing or not in    |
| Sex       |    |                             | range 1-5            |
|           |    |                             |                      |
| (Column   |    |                             |                      |
| T)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Co-       | V3 | Co-Applicant sex does not = | If no co-applicant,  |
| Applicant | 26 | 5; however, co-applicant    | co-applicant         |
| Sex       |    | ethnicity = 5 and/or        | sex/ethnicity/race   |
|           |    | co-applicant race field 1 = | combination invalid  |
| (Column   |    | 8.                          |                      |
| T)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Income    | V3 | Income must be numeric and  | Income is zero,      |
|           | 30 | \> 0, or equal NA.          | missing, negative    |
| (Column   |    |                             | or, if non-numeric,  |
| U)        |    |                             | does not equal NA    |
+-----------+----+-----------------------------+----------------------+
| Income    | V3 | If property type = 3, then  | Property type = 3;   |
|           | 35 | income must = NA.           | therefore income     |
| (Column   |    |                             | must = NA            |
| U)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Type of   | V3 | Type of purchaser must = 0, | Type of purchaser    |
| Purchaser | 40 | 1, 2, 3, 4, 5, 6, 7, 8, or  | must be in the 0-9   |
|           |    | 9.                          | range                |
| (Column   |    |                             |                      |
| V)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Type of   | V3 | If type of purchaser = 1,   | Type of purchaser in |
| Purchaser | 47 | 2, 3, 4, 5, 6, 7, 8, or 9,  | range 1-9; therefore |
|           |    | then action taken type must | action taken should  |
| (Column   |    | be 1 or 6.                  | equal 1 or 6         |
| V)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Type of   | V3 | If type of purchaser = 2,   | Purchaser type = 2   |
| Purchaser | 75 | then loan type must = 2, 3, | and loan type does   |
|           |    | or 4.                       | not equal 2, 3, or 4 |
| (Column   |    |                             |                      |
| V)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Reasons   | V3 | If (agency code = 2, 3, 5,  | Reasons for denial   |
| for       | 55 | or 7) or (agency code = 1   | are not blank or in  |
| Denial    |    | or 4 and action taken not = | range 1-9            |
|           |    | 3 or 7), then reasons for   |                      |
| (Column   |    | denial must = 1, 2, 3, 4,   |                      |
| W)        |    | 5, 6, 7, 8, 9, or blank.    |                      |
+-----------+----+-----------------------------+----------------------+
| Reasons   | V3 | Responses for reasons for   | Reasons for denial   |
| for       | 60 | denial must not be the same | are the same         |
| Denial    |    | (i.e. 1,1; 1,1,2;           |                      |
|           |    | 1,2,2;\...\...\.....).      |                      |
| (Column   |    |                             |                      |
| W)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Reasons   | V3 | If agency code = 1 or 4 and | For action taken = 3 |
| for       | 85 | action taken = 3 or 7, then | or 7, at least one   |
| Denial    |    | at least one reason for     | reason for denial    |
|           |    | denial must be provided and | not given, or reason |
| (Column   |    | must = 1, 2, 3, 4, 5, 6, 7, | for denial given not |
| W)        |    | 8, or 9. Other reasons for  | in range 1-9         |
|           |    | denial must = 1, 2, 3, 4,   |                      |
|           |    | 5, 6, 7, 8, 9 or blank.     |                      |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Rate      | V5 | Rate spread must be in the  | Rate spread is not   |
| Spread    | 00 | NN.NN format, must not =    | in valid format or   |
|           |    | blank, and if NA, left      | is missing           |
| (Column   |    | justified.                  |                      |
| X)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Rate      | V5 | If action taken type = 2-8, | Action taken type =  |
| Spread    | 05 | then rate spread must = NA. | 2-8; therefore rate  |
|           |    |                             | spread must = NA     |
| (Column   |    |                             |                      |
| X)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Rate      | V5 | If lien status =1, then     | Lien status = 1;     |
| Spread    | 10 | rate spread must be ≥ 3%    | therefore rate       |
|           |    | and ≤ 99.99% or NA.         | spread must be in    |
| (Column   |    |                             | range ≥ 3% and ≤     |
| X)        |    |                             | 99.99% or NA         |
+-----------+----+-----------------------------+----------------------+
| Rate      | V5 | If lien status =2, then     | Lien status =2;      |
| Spread    | 15 | rate spread must be         | therefore rate       |
|           |    | [\>]{.underline} 5% and ≤   | spread must be in    |
| (Column   |    | 99.99% or NA.               | range ≥ 5% and ≤     |
| X)        |    |                             | 99.99% or NA         |
+-----------+----+-----------------------------+----------------------+
| Rate      | V5 | If lien status = 3, then    | Lien status = 3;     |
| Spread    | 20 | rate spread must = NA.      | therefore rate       |
|           |    |                             | spread must = NA     |
| (Column   |    |                             |                      |
| X)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | V5 | If action taken type = 2-5, | Action taken type =  |
| Status    | 40 | 7, or 8, HOEPA status must  | 2-5, 7, or 8;        |
|           |    | = 2.                        | therefore HOEPA      |
| (Column   |    |                             | status must = 2      |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | V5 | HOEPA status must = 1 or 2. | HOEPA status is      |
| Status    | 25 |                             | missing or does not  |
|           |    |                             | = 1 or 2             |
| (Column   |    |                             |                      |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | V5 | If loan purpose = 1, then   | Loan purpose = 1;    |
| Status    | 30 | HOEPA status must = 2.      | therefore HOEPA      |
|           |    |                             | status must = 2      |
| (Column   |    |                             |                      |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | V5 | If lien status = 3, then    | Lien status = 3;     |
| Status    | 45 | HOEPA status must = 2.      | therefore HOEPA      |
|           |    |                             | status must = 2      |
| (Column   |    |                             |                      |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Lien      | V5 | Lien status must = 1, 2, 3, | Lien status is       |
| Status    | 50 | or 4.                       | missing or not in    |
|           |    |                             | range 1-4            |
| (Column   |    |                             |                      |
| Z)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Lien      | V5 | If loan purpose = 1 or 3,   | Loan purpose = 1 or  |
| Status    | 55 | then lien status must = 1,  | 3; therefore lien    |
|           |    | 2, or 4.                    | status must = 1, 2,  |
| (Column   |    |                             | or 4                 |
| Z)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Lien      | V5 | If action taken type = 1-5, | Action taken type =  |
| Status    | 60 | 7 or 8, then lien status    | 1-5, 7 or 8;         |
|           |    | must = 1, 2, or 3.          | therefore lien       |
| (Column   |    |                             | status must = 1, 2,  |
| Z)        |    |                             | or 3                 |
+-----------+----+-----------------------------+----------------------+
| Lien      | V5 | If action taken type = 6,   | Action taken type =  |
| Status    | 65 | then lien status must = 4.  | 6; therefore lien    |
|           |    |                             | status must = 4      |
| (Column   |    |                             |                      |
| Z)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+

**[Special Notes]{.underline} pertaining to Quality Edits for Home
Mortgage Disclosure Act Data**

> The quality edits that are enumerated in the remaining portion of the
> edit table are separated into two report categories distinguished as
> follows:
>
> \--Edit Report
>
> An edit report represents a respondent's individual edit report that
> is generated and sent to the reporter immediately after their HMDA
> data are received and loaded to the FFIEC HMDA database. The edit
> report could contain syntactical, validity, and quality edits. The
> edit report is run on the micro data as it is being loaded into the
> database. As such, it represents an incremental picture of your data
> as it is arriving.
>
> \--End-of Cycle Reports
>
> End-of-Cycle reports that contain one or several quality edits are
> generated near the end of the processing cycle after all data from a
> respondent have been received.
>
> It is important that all data for the specified respondent, region, or
> agency be received and uploaded prior to running end-of-cycle reports
> since comparisons with previous year's data, or with all the current
> year's reported data, are fundamental outputs of these reports.
>
> One of the end-of-cycle reports is known as the Macro Quality Edit
> Report and contains quality edits Q006, Q007, Q008, Q009, Q011, Q015,
> Q016, Q023, Q031, Q046, Q047, Q048, Q053, Q054, Q055, Q056, Q057,
> Q058, Q061, Q062 and Q063. Three other reports identify possible
> reporting errors dealing with quality edits Q028, Q029, and Q030.
>
> On behalf of the FFIEC, the Federal Reserve System stores the HMDA
> data and maintains the database for all the respondents of the FFIEC
> member agencies (OCC, FRB, FDIC, NCUA, and OTS) and HUD who
> participate in the collection and reporting of HMDA data.
> Subsequently, Federal Reserve Board staff generates the separate macro
> level, end-of-cycle reports for all agencies. In the majority of cases
> they review the results and complete any necessary calls to
> respondents to resolve the outstanding issues of the reports. However,
> they may also elicit the help of other agency staff in completing the
> review and resolution tasks.

**[QUALITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT - LOAN/APPLICATION
REGISTER]{.underline}**

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| # Transm  |    |                             |                      |
| ittal She |    |                             |                      |
| et (only) |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Parent    | Q0 | If respondent is a bank,    | Parent name,         |
| Mailing   | 33 | savings association, credit | address, city,       |
| Address   |    | union, or independent       | state, or zip code   |
|           |    | mortgage company, and if    | is                   |
|           |    | any parent company exists,  |                      |
|           |    | then parent name, address,  | missing              |
|           |    | city, state and zip code    |                      |
|           |    | should not = blank.         |                      |
+-----------+----+-----------------------------+----------------------+
| E-mail    | Q0 | E-mail address for contact  | Contact person's     |
| Address   | 34 | person, if one exists,      | e-mail address is    |
|           |    | should be provided.         | missing              |
+-----------+----+-----------------------------+----------------------+
| # Loan    |    |                             |                      |
| Applicati |    |                             |                      |
| on Regist |    |                             |                      |
| er (only) |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Date      | Q0 | If date application         | Date application     |
| Ap        | 22 | received is \> (activity    | received is not in   |
| plication |    | year minus 5), then date    | activity year or     |
| Received  |    | application received should | (activity year minus |
|           |    | =activity year or (activity | 1); Verify           |
| (Column   |    | year minus 1).              |                      |
| B)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Date      | Q0 | Date application received   | Application not      |
| Ap        | 60 | should be \> (activity year | received within the  |
| plication |    | minus 5).                   | last five years;     |
| Received  |    |                             | Verify               |
|           |    |                             |                      |
| (Column   |    |                             |                      |
| B)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan Type | Q0 | If purchaser type = 1 or 3, | Purchaser type = 1   |
|           | 35 | then loan type should = 1.  | or 3; therefore loan |
| (Column   |    |                             | type should = 1;     |
| C)        |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If loan amount and income   | Loan amount reported |
| Amount    | 01 | are numeric and \> 0 and    | is ≥ five times the  |
|           |    | the loan amount is ≥        | income; Verify       |
| (Column   |    | \$1,000 (\$1 million), then |                      |
| G)        |    | loan amount should be \< 5  |                      |
|           |    | times the income.           |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If property type =1, then   | Loan amount reported |
| Amount    | 02 | loan amount should be \<    | is ≥ \$2 million;    |
|           |    | \$2 million.                | Verify               |
| (Column   |    |                             |                      |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If loan type = 2 and        | Loan type = 2 and    |
| Amount    | 03 | property type = 1 or 2,     | loan amount \> \$350 |
|           |    | then loan amount should be  | (\$350 thousand);    |
| (Column   |    | ≤ \$350 (\$350 thousand).   | Verify               |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If loan type = 3 and        | Loan type = 3 and    |
| Amount    | 04 | property type = 1 or 2,     | loan amount \> \$350 |
|           |    | then loan amount should be  | (\$350 thousand);    |
| (Column   |    | ≤ \$350 (\$350 thousand).   | Verify               |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If type of purchaser = 1-4, | Type of purchaser =  |
| Amount    | 05 | and property type = 1 or 2, | 1-4, and property    |
|           |    | then loan amount should be  | type = 1 or 2 and    |
| (Column   |    | ≤ \$480 (\$480 thousand).   | loan amount \> \$480 |
| G)        |    |                             | (\$480 thousand);    |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If property type = 3, then  | Loan amount is not   |
| Amount    | 13 | loan amount should be in    | within the expected  |
|           |    | the range of \$100 thousand | range of \$100       |
| (Column   |    | and \$10 million.           | thousand and \$10    |
| G)        |    |                             | million; Verify      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If property type = 2, then  | Property type = 2    |
| Amount    | 36 | loan amount should be ≤     | and loan amount      |
|           |    | \$150 (\$150 thousand).     | reported is \> \$150 |
| (Column   |    |                             | (\$150 thousand);    |
| G)        |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If lien status = 2, then    | Lien status = 2 and  |
| Amount    | 37 | loan amount should be ≤     | loan amount reported |
|           |    | \$250 (\$250 thousand).     | is \> \$250 (\$250   |
| (Column   |    |                             | thousand); Verify    |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If lien status = 3, then    | Lien status = 3 and  |
| Amount    | 38 | loan amount should be ≤     | loan amount reported |
|           |    | \$100 (\$100 thousand).     | is \> \$100 (\$100   |
| (Column   |    |                             | thousand); Verify    |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If loan purpose = 1 and     | Loan amount is       |
| Amount    | 25 | property type = 1, then     | numeric and ≤ \$10   |
|           |    | loan amount should be \>    | thousand; Verify     |
| (Column   |    | \$10 thousand.              |                      |
| G)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If action taken type = 1,   | Loan is originated   |
| Taken     | 32 | then action taken date      | and action taken     |
| Date      |    | should not equal the date   | date = date          |
|           |    | application received.       | application          |
| (Column   |    |                             | received; Verify     |
| H)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Applicant | Q0 | If action taken type = 1-5, | Applicant ethnicity, |
| E         | 26 | 7, or 8, and application    | race and/or sex = 4, |
| thnicity, |    | date ≥ 20040101, then       | 7, or 4,             |
| Race, Sex |    | applicant ethnicity, race   | respectively; Verify |
|           |    | and/or sex should not = 4,  |                      |
| (Columns  |    | 7, or 4, respectively.      |                      |
| P, Q, T)  |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Income    | Q0 | If income is numeric, then  | Income is numeric    |
|           | 14 | income should be \< \$2     | and ≥ to \$2         |
| (Column   |    | million.                    | million; Verify      |
| U)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Income    | Q0 | If income is numeric, then  | Income is numeric    |
|           | 24 | income should be \> \$9     | and ≤ to \$9         |
| (Column   |    | thousand.                   | thousand; Verify     |
| U)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Income    | Q0 | If action taken type = 1-5, | Income = NA; Verify  |
|           | 27 | 7 or 8, and property type = |                      |
| (Column   |    | 1 or 2, then applicant      |                      |
| U)        |    | income should not = NA.     |                      |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If HOEPA status = 1 and     | HOEPA status = 1 and |
| Spread    | 39 | action taken type = 1, then | action taken type    |
|           |    | rate spread should not =    | =1, therefore rate   |
| (Column   |    | NA.                         | spread should not =  |
| X)        |    |                             | NA; Verify           |
+-----------+----+-----------------------------+----------------------+

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If purchaser type = 1-4 and | Purchaser type = 1-4 |
| Spread    | 40 | lien status = 1, then rate  | and lien status = 1; |
|           |    | spread should be ≤ 5% or    | therefore rate       |
| (Column   |    | NA.                         | spread should be     |
| X)        |    |                             | **≤** 5% or NA;      |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If purchaser type = 1-4 and | Purchaser type = 1-4 |
| Spread    | 41 | lien status = 2, then rate  | and lien status = 2; |
|           |    | spread should be ≤ 7% or    | therefore rate       |
| (Column   |    | NA.                         | spread should be     |
| X)        |    |                             | **≤** 7% or NA;      |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If action taken type = 1    | Action taken type =  |
| Spread    | 42 | and lien status = 1, then   | 1 and lien status =  |
|           |    | rate spread should be **≤** | 1; therefore rate    |
| (Column   |    | 20% or NA.                  | spread should be     |
| X)        |    |                             | **≤** 20% or NA;     |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If action taken type = 1    | Action taken type =  |
| Spread    | 43 | and lien status = 2, then   | 1 and lien status =  |
|           |    | rate spread should be **≤** | 2; therefore rate    |
| (Column   |    | 25% or NA.                  | spread should be     |
| X)        |    |                             | **≤** 25% or NA;     |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If agency = 5, property     | Agency = 5, property |
| Spread    | 61 | type = 1, lien status = 1   | type = 1, lien       |
|           |    | and action taken type = 1,  | status = 1 and       |
| (Column   |    | rate spread should be **≤** | action taken type =  |
| X)        |    | 5% or NA.                   | 1; therefore, rate   |
|           |    |                             | spread should be     |
|           |    |                             | **≤** 5% or NA;      |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If agency = 1, 2, 3, 4 or   | Agency = 1-4 or 7,   |
|           | 44 | 7, action taken type = 1,   | action taken type =  |
| (Column   |    | loan purpose = 2 or 3, lien | 1, loan purpose = 2  |
| Y)        |    | status = 1, and rate spread | or 3, lien status =  |
|           |    | \> 8%, then HOEPA status    | 1, and rate spread   |
|           |    | should = 1.                 | \> 8%; therefore     |
|           |    |                             | HOEPA status should  |
|           |    |                             | = 1; Verify          |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If agency = 1, 2, 3, 4 or   | Agency = 1-4 or 7,   |
|           | 45 | 7, action taken type = 1,   | action taken type    |
| (Column   |    | loan purpose = 2 or 3, lien | =1, loan purpose = 2 |
| Y)        |    | status = 2, and rate spread | or 3, lien status =  |
|           |    | \> 10%, then HOEPA status   | 2, and rate spread   |
|           |    | should = 1.                 | \> 10%; therefore    |
|           |    |                             | HOEPA status should  |
|           |    |                             | = 1; Verify          |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If agency = 5, HOEPA status | Agency = 5 and HOEPA |
|           | 50 | should not = 1.             | status = 1; Verify   |
| (Column   |    |                             |                      |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If applicant ethnicity,     | Applicant ethnicity, |
|           | 51 | race and sex = 4, 7, and 4, | race and sex = 4, 7, |
| (Column   |    | respectively, HOEPA status  | and 4 respectively   |
| Y)        |    | should not = 1.             | and HOEPA status =   |
|           |    |                             | 1; Verify            |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If property type = 3, HOEPA | Property type = 3    |
|           | 52 | status should not = 1.      | and HOEPA status =   |
| (Column   |    |                             | 1; Verify            |
| Y)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If action taken type =1,    | Action taken type =  |
|           | 62 | lien status = 1 and type of | 1, lien status = 1   |
| (Column   |    | purchaser = 1 then HOEPA    | and type of          |
| Y)        |    | status should not = 1.      | purchaser = 1 and    |
|           |    |                             | HOEPA status = 1;    |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If action taken type =1,    | Action taken type =  |
|           | 63 | lien status = 1 and type of | 1, lien status = 1   |
| (Column   |    | purchaser = 3 then HOEPA    | and type of          |
| Y)        |    | status should not = 1.      | purchaser = 3 and    |
|           |    |                             | HOEPA status = 1;    |
|           |    |                             | Verify               |
+-----------+----+-----------------------------+----------------------+
| Property  | Q0 | If loan type = 3 or 4, then | Loan type = 3 or 4   |
| Type      | 59 | property type should not =  | and property type =  |
|           |    | 3.                          | 3; Verify            |
| (Column   |    |                             |                      |
| D)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| MS        | Q0 | If action taken type = 7 or | Action taken type =  |
| A/MD,Stat | 49 | 8, then MSA/MD, state,      | 7 or 8; therefore,   |
| e,County, |    | county, census tract should | MSA/MD, state,       |
| Census    |    | equal NA.                   | county, census tract |
| Tract     |    |                             | should = NA; Verify  |
|           |    |                             |                      |
| (Columns  |    |                             |                      |
| K, L, M,  |    |                             |                      |
| and N)    |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| MSA/MD    | *  | If action taken type = 1-5, | MSA/MD not on        |
| Number    | *Q | 7, or 8, then MSA/MD must = | respondent panel     |
|           | 59 | a corresponding respondent, |                      |
| (Column   | 5@ | MSA/MD combination on       |                      |
| I)        | ** | respondent panel, or NA.    |                      |
+-----------+----+-----------------------------+----------------------+

**\@NOTE: This edit is not applied to mortgage banking subsidiaries or
independent mortgage companies. Their Metropolitan Statistical Areas or
Metropolitan Divisions (if appropriate) will be determined at the end of
the cycle based on the data reported. For depository institutions, this
edit will produce the Q595 report but will not be counted in any error
statistics.**

**[END-OF-CYCLE MACRO QUALITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT -
LOAN/APPLICATION REGISTER]{.underline}**

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| # The Mac |    |                             |                      |
| ro Qualit |    |                             |                      |
| y Edit Re |    |                             |                      |
| port cont |    |                             |                      |
| ains the  |    |                             |                      |
| following |    |                             |                      |
|  edits an |    |                             |                      |
| d is gene |    |                             |                      |
| rated by  |    |                             |                      |
| the FFIEC |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Property  | Q0 | If property type = 3, then  | Multifamily loan     |
| Type      | 15 | the total number of these   | applications is ≥    |
|           |    | loan applications should be | 10% of total loan    |
| (Column   |    | \< 10% of all loan          | applications and/or  |
| D)        |    | applications or \< 10% of   | ≥ 10% of the total   |
|           |    | the total                   | dollar amount of the |
|           |    | [dollar]{.underline} amount | loan applications    |
|           |    | of all loan applications    |                      |
|           |    | reported.                   |                      |
+-----------+----+-----------------------------+----------------------+
| Property  | Q0 | If property type = 3, then  | Number of reported   |
| Type      | 31 | the total number of         | multifamily          |
|           |    | multifamily applications    | applications is ≥    |
| (Column   |    | should be \< 200.           | 200; Verify          |
| D)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Property  | Q0 | If the HMDA respondent is a | Number of loan       |
| Type      | 46 | manufactured home lender,   | applications with    |
|           |    | then the total number of    | property type = 2    |
| (Column   |    | applications reporting      | and action taken     |
| D)        |    | property type = 2 and       | type = 1-5 is \< 30% |
|           |    | action taken type = 1-5     | of the total number  |
|           |    | should be ≥ 30% of their    | of loan              |
|           |    | total number of loan        | applications, action |
|           |    | applications with an action | taken = 1-5          |
|           |    | taken type = 1-5.           |                      |
+-----------+----+-----------------------------+----------------------+
| Loan      | Q0 | If the total number of loan | Total number of home |
| Purpose   | 06 | applications with loan      | purchase loan        |
|           |    | purpose = 1 and action      | applications with an |
| (Column   |    | taken type = 1 is \> 25,    | action code of 1 is  |
| E)        |    | then the total number of    | \> 95% of the total  |
|           |    | these loan applications     | number of home       |
|           |    | should be ≤ 95% of the      | purchase loan        |
|           |    | total number of home        | applications         |
|           |    | purchase loan applications. |                      |
+-----------+----+-----------------------------+----------------------+
| Pr        | Q0 | If preapproval = 1, and     | Total number of loan |
| eapproval | 47 | action taken type = 4, then | applications with a  |
|           |    | the total number of these   | preapproval = 1 and  |
| (Column   |    | loans should be ≤ 10% of    | action taken type =  |
| H)        |    | the total number of loan    | 4 is \> 10% of the   |
|           |    | applications.               | total number of loan |
|           |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| Pr        | Q0 | If preapproval = 1, and     | Total number of loan |
| eapproval | 48 | action taken type = 5, then | applications with a  |
|           |    | the total number of these   | preapproval = 1 and  |
| (Column   |    | loans should be ≤ 5% of the | action taken type =  |
| H)        |    | total number of loan        | 5 is \> 5% of the    |
|           |    | applications.               | total number of loan |
|           |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If action taken type = 2,   | Total number of loan |
| Taken -   | 07 | then the total number of    | applications with an |
| Type      |    | these loans should be ≤ 15% | action code of 2 is  |
|           |    | of the total number of loan | \> 15% of the total  |
| (Column   |    | applications.               | number of loan       |
| I)        |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If action taken type = 4,   | Total number of loan |
| Taken -   | 08 | then the total number of    | applications with an |
| Type      |    | these loans should be ≤ 30% | action code of 4 is  |
|           |    | of the total number of loan | \> 30% of the total  |
| (Column   |    | applications.               | number of loan       |
| I)        |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+

**[END-OF-CYCLE MACRO QUALITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT -
LOAN/APPLICATION REGISTER]{.underline}**

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| # T       |    |                             |                      |
| he Macro  |    |                             |                      |
| Quality E |    |                             |                      |
| dit Repor |    |                             |                      |
| t contain |    |                             |                      |
| s the fol |    |                             |                      |
| lowing ed |    |                             |                      |
| its and i |    |                             |                      |
| s generat |    |                             |                      |
| ed by the |    |                             |                      |
|  FFIEC (c |    |                             |                      |
| ontinued) |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If action taken type = 5,   | Total number of loan |
| Taken -   | 09 | then the total number of    | applications with an |
| Type      |    | these loans should be ≤ 15% | action code of 5 is  |
|           |    | of the total number of loan | \> 15% of the total  |
| (Column   |    | applications.               | number of loan       |
| I)        |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| MSA/MD    | Q0 | The number of loan          | The number of        |
|           | 23 | applications that report    | applications         |
| (Column   |    | MSA/MD = NA should be ≤ 30% | reporting MSA/MD =   |
| K)        |    | of the total number of loan | NA are \> 30% of the |
|           |    | applications.               | total number of loan |
|           |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| Total     | Q0 | If current or previous      | Total number of loan |
| Number of | 11 | year's total number of      | applications for     |
| Loan      |    | applications is ≥ 1,000,    | current year not     |
| App       |    | then the current year       | within (+ or -) 25%  |
| lications |    | should be within (+ or -)   | of the previous      |
|           |    | 25% of the previous year's  | year\'s total        |
|           |    | total.                      |                      |
+-----------+----+-----------------------------+----------------------+
| Total     | Q0 | The number of loan          | Total number of loan |
| Number of | 16 | applications that report    | applications that    |
| Loan      |    | income \< \$10,000 should   | reported income \<   |
| App       |    | be ≤ 20% of total loan      | \$10,000 is \> 20%   |
| lications |    | applications.               | of total loan        |
|           |    |                             | applications         |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If agency = 5, action taken | The number of loans  |
|           | 53 | type = 1 and HOEPA status = | where agency = 5,    |
| (Column   |    | 1, then the total number of | action taken type =  |
| Y)        |    | these loans should be ≤ 1%  | 1 and HOEPA status = |
|           |    | of the total number of      | 1 is \> 1% of the    |
|           |    | originated loans.           | total number of      |
|           |    |                             | originated loans     |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If agency = 5, action taken | The number of loans  |
|           | 54 | type = 6 and HOEPA status = | where agency = 5,    |
| (Column   |    | 1, then the total number of | action taken type =  |
| Y)        |    | these loans should be ≤ 1%  | 6 and HOEPA status = |
|           |    | of the total number of      | 1 is \> 1% of the    |
|           |    | purchased loans.            | total number of      |
|           |    |                             | purchased loans      |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If action taken type =1,    | The number of loans  |
|           | 62 | HOEPA status = 1, lien      | where action taken   |
| (Column   |    | status = 1 and type of      | type = 1, HOEPA      |
| Y)        |    | purchaser = 1, then the     | status = 1, lien     |
|           |    | total number of these loans | status = 1, and type |
|           |    | should be ≤ 1% of the total | of purchaser = 1 is  |
|           |    | number of originated loans. | \> 1% of the total   |
|           |    |                             | number of originated |
|           |    |                             | loans                |
+-----------+----+-----------------------------+----------------------+
| HOEPA     | Q0 | If action taken type =1,    | The number of loans  |
|           | 63 | HOEPA status = 1, lien      | where action taken   |
| (Column   |    | status = 1 and type of      | type = 1, HOEPA      |
| Y)        |    | purchaser = 3, then the     | status = 1, lien     |
|           |    | total number of these loans | status = 1, and type |
|           |    | should be ≤ 1% of the total | of purchaser = 3 is  |
|           |    | number of originated loans. | \> 1% of the total   |
|           |    |                             | number of originated |
|           |    |                             | loans                |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If HOEPA status = 1, action | The number of loans  |
| Spread    | 55 | taken = 1 and rate spread ≥ | where HOEPA status = |
|           |    | 5% and not = NA, then the   | 1, action taken = 1  |
| (Column   |    | total number of these loans | and rate spread ≥ 5% |
| X)        |    | should be ≤ 5% of the total | and not = NA is \>   |
|           |    | number of originated loans. | 5% of the total      |
|           |    |                             | number of originated |
|           |    |                             | loans                |
+-----------+----+-----------------------------+----------------------+
| Rate      | Q0 | If property type = 1, lien  | The number of loans  |
| Spread    | 61 | status = 1, action taken    | where property type  |
|           |    | type = 1 and rate spread \> | = 1, lien status =   |
| (Column   |    | 5% and not = NA, then the   | 1, action taken type |
| X)        |    | total number of these loans | = 1 and rate spread  |
|           |    | should be ≤ 1% of the total | \> 5% and not = NA   |
|           |    | number of originated loans. | is \> 1% of the      |
|           |    |                             | total number of      |
|           |    |                             | originated loans     |
+-----------+----+-----------------------------+----------------------+

**[END-OF-CYCLE MACRO QUALITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT -
LOAN/APPLICATION REGISTER]{.underline}**

+-----------+----+-----------------------------+----------------------+
| **[Tr     | #  | #                           | #                    |
| ansaction |    |                             |                      |
| Item      | #  | # Edit Test                 | # Error Explanation  |
| (s)]{.und | ED |                             |                      |
| erline}** | CK |                             |                      |
+-----------+----+-----------------------------+----------------------+
| # T       |    |                             |                      |
| he Macro  |    |                             |                      |
| Quality E |    |                             |                      |
| dit Repor |    |                             |                      |
| t contain |    |                             |                      |
| s the fol |    |                             |                      |
| lowing ed |    |                             |                      |
| its and i |    |                             |                      |
| s generat |    |                             |                      |
| ed by the |    |                             |                      |
|  FFIEC (c |    |                             |                      |
| ontinued) |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If the total number of      | The total number of  |
| Taken --  | 56 | conventional home purchase  | conventional home    |
| Type      |    | loan applications is ≥ 50,  | purchase loan        |
|           |    | then the total number of    | applications is ≥ 50 |
| (Column   |    | denied conventional home    | and the total number |
| I)        |    | purchase loans should be ≤  | of denied            |
|           |    | 70%.                        | conventional home    |
|           |    |                             | purchase loans is \> |
|           |    |                             | 70%                  |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If the total number of loan | The total number of  |
| Taken --  | 57 | applications is ≥ 50, then  | loan applications is |
| Type      |    | the total number of denied  | ≥ 50 and the total   |
|           |    | loan applications should be | number of denied     |
| (Column   |    | \> zero.                    | loans = zero         |
| I)        |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| Action    | Q0 | If the total number of loan | The total number of  |
| Taken --  | 58 | applications where          | loan applications    |
| Type      |    | preapproval = 1 is ≥ 1000,  | where preapproval =  |
|           |    | then the total number of    | 1 is ≥ 1000 and the  |
| (Column   |    | preapproval requests denied | total number of      |
| I)        |    | (action taken = 7) should   | preapproval requests |
|           |    | be \> zero.                 | denied = zero        |
+-----------+----+-----------------------------+----------------------+
| **        |    |                             |                      |
| [Separate |    |                             |                      |
| End       |    |                             |                      |
| -of-Cycle |    |                             |                      |
| reports   |    |                             |                      |
| for each  |    |                             |                      |
| quality   |    |                             |                      |
| edit are  |    |                             |                      |
| generated |    |                             |                      |
| by the    |    |                             |                      |
| FF        |    |                             |                      |
| IEC]{.und |    |                             |                      |
| erline}** |    |                             |                      |
+-----------+----+-----------------------------+----------------------+
| MS        | Q0 | If the reported             | MSA/MD = NA and      |
| A/MD,Stat | 29 | state/county combination    | state/county, or     |
| e,County, |    | (when county is small), or  | state/county/census  |
|           |    | state/county/census tract   | tract is a valid     |
| Census    |    | combination is valid and    | combination and is   |
| Tract     |    | for depository institutions | located completely   |
|           |    | located entirely in an      | in an MSA/MD         |
| (Columns  |    | MSA/MD that is identified   |                      |
| K, L, M,  |    | on the respondent's panel,  |                      |
| N)        |    | then the MSA/MD should not  |                      |
|           |    | = NA.                       |                      |
+-----------+----+-----------------------------+----------------------+
| MS        | Q0 | If action taken type = 1,   | MSA/MD, state,       |
| A/MD,Stat | 30 | 2, 3, 4, 5, or 6; and if    | county, census tract |
| e,County, |    | the HMDA respondent is a    | should not = NA      |
|           |    | nondepository institution   |                      |
| Census    |    | (a for-profit entity), or   |                      |
| Tract     |    | is a bank or savings        |                      |
|           |    | institution who reports CRA |                      |
| (Columns  |    | data, then MSA/MD, state,   |                      |
| K, L, M,  |    | county, census tract should |                      |
| N)        |    | equal a valid combination   |                      |
|           |    | and not NA.                 |                      |
+-----------+----+-----------------------------+----------------------+
| Type of   | Q0 | If 500 or greater loans are | The difference in    |
| Purchaser | 28 | reported with action taken  | the percentage of    |
|           |    | type = 1 or 6, loan purpose | loans sold in the    |
| (Column   |    | = 1 or 3, and property type | current year when    |
| V)        |    | = 1 or 2, then the          | compared to the      |
|           |    | difference in the           | percentage of loans  |
|           |    | percentage of these loans   | sold in the prior    |
|           |    | that are sold in the        | year is ≥ 15%        |
|           |    | current year when compared  |                      |
|           |    | to the percentage of the    |                      |
|           |    | same category of loans sold |                      |
|           |    | in the prior year should be |                      |
|           |    | \< 15%.                     |                      |
+-----------+----+-----------------------------+----------------------+