HMDA data updated in the Database Library
The Home Mortgage Disclosure Act (HMDA) data have just been updated in the NICAR Database Library -- and we'll help you turn it into a story.
WHAT'S IN IT?
This Act requires all banks, savings and loans, savings banks and credit unions with assets of more than $33 million and offices in metropolitan areas to report mortgage applications. Each loan record contains demographic information about loan applicants, including race, gender and income; the purpose of the loan (i.e. home purchase or improvement); whether the buyer intends to live in the home; the type of loan (i.e. conventional ...
It began with an email while I was on vacation. “Not to distract you,” my boss wrote, “but wanted to pass along that when you get back, you’re going to be taking on a … massive nationwide subprime data crunch.” At first, I wondered what I had done to deserve such a chore. It should have been obvious: Five months earlier, I had abandoned my job for a week to attend a CAR Boot Camp, where I muddled through the lessons, returned to work bragging about how much I had learned, but then did little to show I had spent ...