WASHINGTON (1/6/10)--The Credit Union National Association (CUNA) has analyzed the Federal Reserve Board’s determination that financial institutions with assets of $39 million or less as of December 31, 2009 will be exempt from the data collection requirements set forth by the Home Mortgage Disclosure Act for the current calendar year. The asset-size exemption for depository institutions was also $39 million during 2009. The threshold is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers for the twelve-month period that ended in November 2009. The HMDA, which helps determine whether financial institutions are serving the housing needs of their communities and assisting in fair lending enforcement, requires many depository institutions and certain for-profit, nondepository institutions to collect, report and disclose data about applications for, and originations and purchases of, home mortgage loans, home improvement loans and refinancings. Data reported include the type, purpose, and amount of the loan; the race, ethnicity, sex and income of the loan applicant; and the location of the property. For the full analysis, use the resource link.