This law requires lenders to show that they provide fair and non-discriminatory housing credit to their communities.
The Home Mortgage Disclosure Act, or HMDA, was enacted by Congress in 1975 and is implemented under the Federal Reserve Board’s Regulation C. Under HMDA, lending institutions must demonstrate their service of providing fair and non-discriminatory housing credit to local communities by releasing housing loan data to the public. All lending information regarding home purchases, home improvements and refinancing must be reported. Compliance with HMDA regulation applies to banks, savings associations, credit unions and mortgage lending institutions. Public data about housing loans is used to determine housing credit needs, pinpoint potential areas of community development investment and enforce fair and non-discriminatory lending laws.
The FFIEC provides an overview of HMDA's history and instructions about complying with the regulation.
A comprehensive guide about HMDA compliance for 2009 data.
A Web-based tool to help financial institutions meet reporting requirements on mortgage, business and farm loans.
Updates about amendments to Regulation C, which implements the Home Mortgage Disclosure Act.
Data sets that help depository institutions with HMDA reports.
Fair Lending and the Home Mortgage Disclosure Act
Before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House of Representatives
Home Mortgage Disclosure Act
Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S. House of Representatives