Home mortgage disclosure acts

The Home Mortgage Disclosure Act (HMDA) is a law that requires lenders to collect and disclose data about their mortgage lending activities. Its purpose is to provide transparency, monitor lending practices, and identify potential discrimination or trends in mortgage lending. By analyzing this data, regulators, policymakers, and the public can ensure fair access to mortgage loans across different communities and protect consumers from biased practices. Essentially, HMDA helps promote fair and equal lending opportunities by making mortgage information available for review.