The CFPB has finalized a rule that will require new fields to be submitted for the Home Mortgage Disclosure Act (HMDA). The rule is intended to shed more light on consumers’ access to mortgage credit with new data including the property value, term of the loan, and the duration of any teaser or introductory interest rates. Financial institutions will be required to provide more information about mortgage loan underwriting and pricing, such as an applicant’s debt-to-income ratio, the interest rate of the loan and the discount points charged for the loan. Some small financial institutions and institutions that operate outside of MSAs will be exempt from the new rule. Most of the provisions of the final rule will take effect on January 1, 2018, with the first report submission due March 1, 2019.