Home Mortgage Disclosure Act


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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.

References in periodicals archive ?
The Boston Fed's dataset is a subset of the Home Mortgage Disclosure Act data for 1990; in the HMDA data, there are 15 cases in which applications are recorded as denied but then sold on the secondary market.
RATA Associates, LLC, an industry-leading provider of cost-effective Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and Fair Lending compliance software and geocoding services for financial institutions, announced today the availability of its Auto Pilot Component for its RATA Comply[TM] Suite.
Overall mortgage loan volume rebounded in 2009, following two years of significant declines, according to new Home Mortgage Disclosure Act (HMDA) data.
The solution's review functions include: loan-level lender and broker license reviews; state consumer credit laws relating to such terms as usury, fee restrictions, prepayment penalties and late fees; the Home Mortgage Disclosure Act (HMDA); and Office of Foreign Asset Control and investor program requirements, such as an accurate Fannie Mae points-and-fees threshold test.
During his tenure the committee proposed, and the Board adopted, important changes in the Home Owner Equity Protection Act and the Home Mortgage Disclosure Act.
Belew referred to the most recent statistics collected on mortgage lending required by the Home Mortgage Disclosure Act.
According to the Home Mortgage Disclosure Act (HMDA), blacks were denied conventional home mortgages about twice as often as whites--40.
a provider of compliance software and geocoding services for lenders, announced at MBA's Annual Technology in Mortgage Banking Conference & Expo the availability of CRA RELIEF([R]) and HMDA RELIEF([R]) in a SQL version for lenders needing the company's Windows([R])-based Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) compliance software in a format compatible with SQL databases.
Mavent's review services include the Office of Foreign Asset Control (OFAC); Real Estate Settlement Procedures Act (RESPA); Home Mortgage Disclosure Act (HMDA) regulations; Truth in Lending Act (TILA) analysis; federal, state and local antipredatory lending laws; and lender and broker license verification.
The federal banking, credit union, and thrift institution supervisory agencies, along with the Department of Housing and Urban Development, released on March 31, 2005, a set of "Answers to Frequently Asked Questions" (FAQs) that addresses the new home loan price data disclosed this year for the first time under the Home Mortgage Disclosure Act (HMDA).
There is the Home Mortgage Disclosure Act, which proves discrimination by capturing similar race, gender and ethnicity data on home mortgage lending.
The figures are part of Harris Bank's 1993 Home Mortgage Disclosure Act (HMDA) report for the Chicago MSA, which in 1993 included Cook, DuPage and McHenry Counties.
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