The Rate Spread Calculator is an online tool provided by the Federal Financial Institutions Examination Council (FFIEC) that helps bankers compare a loan’s APR to the national average, based on the set of terms offered in a HMDA-reportable loan.
Related entities refer to relationships between a bank’s customers and accounts.
What Does it Mean to Resolve Exceptions?
A financial institution might “resolve” an exception once the item in question has come into conformity with certain predefined requirements. Sometimes referred to as “clearing” or “satisfying” exceptions, financial institutions implement a variety of tracking systems and processes to ensure timely resolution.