Where do I find HMDA data?

Where do I find HMDA data?

For HMDA data and reports for prior years, visit https://www.ffiec.gov/hmda/hmdaproducts.htm. For information about changes to HMDA Publications visit Publication Updates & Notes.

Is HMDA public information?

Mortgage data (HMDA) HMDA data are the most comprehensive source of publicly available information on the U.S. mortgage market.

What report has HMDA data on it?

The HMDA reports provide information regarding home mortgage lending activity, and the PMIC reports provide mortgage insurance activity data from private mortgage insurance companies. The reports can be used along with the FFIEC census data for data analysis purposes.

How do I submit HMDA data?

1. Download a free copy of the FFIEC HMDA Data Entry Software.
2. Select ‘Add’ Transmittal, and then ‘Add’ Loan Application Register (LAR) records to create a new submission.
3. Prepare your HMDA data submission for the calendar year.
4. Return to the Front Page and perform a ‘Batch Edit’ on the HMDA data.

What are two uses of HMDA data?

2 The data-related requirements in HMDA and Regulation C serve three primary purposes: (1) to help determine whether financial institutions are serving their communities’ housing needs; (2) to assist public officials in distributing public investment to attract private investment; and (3) to assist in identify ing …

When must HMDA data be collected?

Financial institutions must record data on their HMDA-LAR within 30 calendar days of the end of the calendar quarter in which final action was taken.

Is HMDA under ECOA?

Currently, the ECOA restricts lenders’ ability to ask consumers about race, religion, nationality or sex except as it relates to the required collection of such information for some mortgage applications, subject to certain exceptions, including Home Mortgage Disclosure Act (HMDA) reporting.

What is HMDA and why is it important?

To make sure a lender serves the housing finance needs of its community

To identify practices that might be discriminatory

To provide investors and public agencies with data to encourage investment,and to promote homeownership

What is reported to HMDA?

All reportable HMDA loans must be reported as a separate line item upon the LAR sheet, which is then sent on an annual basis to the FFIEC . Each lender must list preset data that includes the date of the loan application, loan type, loan amount, and property location and disposition of the application (approved or not approved).

How many HMDA data fields?

Key data fields are identified to support the efficient and effective evaluation of banks’ compliance with the HMDA requirements. Of 110 data fields, 37 have been identified as key fields by the OCC, Federal Reserve Board (FRB), and Federal Deposit Insurance Corporation (FDIC) on an interagency basis.

What is the purpose of HMDA?

The Home Mortgage Disclosure Act (HMDA) is a federal act approved in 1975 that requires mortgage lenders to keep records of certain key pieces of information regarding their lending practices which they must submit to regulatory authorities. It was implemented by the Federal Reserve through Regulation C.