Home Mortgage Disclosure Act

About HMDA

The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose certain information about mortgages. HMDA was originally enacted by Congress in 1975 and implemented by the Federal Reserve Board. In 2011 the Dodd Frank Act transferred HMDA rule making authority to the Consumer Financial Protection Bureau (CFPB).

Why it's important

These public data are important because they help show whether lenders are serving the housing needs of their communities; they give public officials information that helps them make decisions and policies; and they shed light on lending patterns that could be discriminatory.

Availability of Disclosure Statements

Using the loan data submitted by financial institutions, aggregate tables are created for each metropolitan statistical area or metropolitan division, as well as individual institution Disclosure Statements.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online.

For more information, visit the Consumer Financial Protection Bureau’s Web site www.consumerfinance.gov/hmda.