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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Home Ownership Equity Protection Act (HOEPA)

The Home Ownership Equity Protection Act was enacted by Congress in 1994 to provide addtional protectection to consumers from high cost home mortgage lending practices. HMDA is implemented by the Federal Reserve Board and establishes a class of "high cost" mortgage loans that require special disclosures and are subject to other requirements.

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.