answersLogoWhite

0

What is HMDA?

Updated: 11/12/2022
User Avatar

Wiki User

9y ago

Best Answer

The Home Mortgage Disclosure Act (HMDA), enacted by Congress in 1975 and implemented by the Federal Reserve Board's Regulation C, requires lending institutions to report public loan information. In 2012, there were 18.7 million HMDA records from 7,400 financial institutions.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is HMDA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the name of the rules that implement HMDA?

Reg c


What are mortgage disclosure terms?

A federal act approved in 1975 that requires mortgage lenders to keep records of certain key pieces of information regarding their lending practices. This information includes the number of pre-approvals made, the number of mortgages granted, loan amounts, etc. The primary purposes of the Home Mortgage Disclosure Act (HMDA) are to help authorities monitor discriminatory and predatory lending practices, as well as to ensure government resources are allocated properly.


What is the purpose of demographic data?

To find out what kind of people make up the audience of a certain media outlet


What is the lyrics to under pressure by queen?

"Under Pressure" is a 1981 song by David Bowie and Queen. It marked David Bowie's first released collaboration with another recording artist as a performer, and is featured on Queen's 1982 album, "Hot Space".