Evaluating all of the indicators, the FOMC expects – as outlined in its June 17 statement – that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels consistent with the dual mandate.
Beyond this review of HMDA data, examiners evaluate whether an organization's fair lending compliance framework makes it possible to identify, monitor, and effectively control risks. Examiners are looking for a clear articulation by the board of directors of the institution's lending strategy, including defined risk parameters and the execution of appropriate risk-measurement and riskmitigation initiatives.