Home mortgage disclosure

The Home Mortgage Disclosure Act (HMDA) requires lenders to collect and share data about their mortgage lending activities. This information includes details like loan amounts, applicant demographics, property location, and approval outcomes. The purpose is to ensure fair access to credit, identify potential discriminatory practices, and promote transparency in the mortgage market. By analyzing this data, regulators and the public can monitor trends, assess lending fairness, and make informed decisions about housing and lending policies.