As required by the Home Mortgage Disclosure Act (HMDA) of 1975 and its implementing Regulation C, financial institutions report residential mortgage lending activity.
The information collected and reported under HMDA covers each mortgage application submitted to and mortgages purchased by the reporting institution and is considered the most comprehensive source of publicly available information on the US mortgage market.
In this CRA Insight, the authors Marsha Courchane, Alex Stricker, and Steli Stoianovici highlight the findings from their review of the recently released 2024 HMDA data by the Consumer Financial Protection Bureau (CFPB) and discuss the trends since 2018.
Read the highlights from the data reported under the Home Mortgage Disclosure Act here.
