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Home Mortgage Disclosure Act
(redirected from Hmda)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Home Mortgage Disclosure Act
Legislation in the United States, passed in 1975, that requires financial institutions to keep records on mortgages, refinancing loans and other loans made on single and multi-family homes. The Act is designed to help HUD police banks make sure they do not discriminate against geographic regions or other protected criteria in making loans.

Home Mortgage Disclosure Act

A federal law requiring lenders with federally related loans to report the number of mortgage loan applications and the number of actual mortgage loans in different parts of their service areas.The Act is designed to shed light on discriminatory practices and thereby eliminate them. Reports are available on the Web site of the Federal Financial Institutions Examination Council,www.ffiec.gov/hmda.



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and a provider of compliance and risk-management solutions for the financial services industry, has launched HMDA Analyzer[TM] and CRA Manager[TM], enterprise-class solutions that enable mortgage lenders to manage the analysis and reporting that is required by the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA).
The HMDA data, published by the Federal Financial Institutions Examination Council, are part of the evaluation of lender compliance with antidiscrimination and other consumer protection laws.
 
 
 
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