HMDA 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.
WHAT CAN I DO WITH IT?
You can analyze lending practices in your area, including variations between different races and ethnicities. Reporters have used this data to show that black applicants were four times as likely as whites to get high interest rates, even when they had substantially higher incomes.
You can look at trends in foreclosures on homes that had harsh terms on loans. Reporters have also used HMDA data and foreclosure reports to explain how unstable mortgage loans were causing uninformed borrowers to lose their homes.
Check out these tipsheets for further advice how to use HMDA data:
WHAT'S IN IT?
Each loan record contains demographic information about loan applicants, including:
The most recent year of HMDA data comes in .CSV format, easily imported into database managers; the files are too big for Excel. If you'd like something different, contact us and we'll do our best to help you out. Email firstname.lastname@example.org or call (573) 884-7711.
Older data from 1992 - 2013 is also available for purchase; contact the data library. State slices are also available.
To purchase and download the full data online, visit the online store at https://www.ire.org/nicar/database-library/databases/hmda/. You can also contact the library directly by emailing email@example.com or calling (573) 884-7711.
Contact us if you have any questions about the data, or to tell us how you've used HMDA in your reporting.
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