Home Mortgage Disclosure Act

The Home Mortgage Disclosure Act (HMDA) is a U.S. law that requires financial institutions to collect and report information about mortgage applications and loans. Its purpose is to promote transparency in the mortgage market and help identify discriminatory lending practices. By analyzing this data, regulators can assess whether lenders are treating borrowers fairly, regardless of race, ethnicity, or income. This information is made available to the public, supporting community advocacy and helping consumers make informed decisions when seeking mortgage loans.