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Report
Home Mortgage Lending by Race and Income in a Time of Low Interest Rates: Examples from Select Counties in Kentucky, Ohio, and Pennsylvania from 2018 through 2021
Signed into law in 1975 by President Ford, the Home Mortgage Disclosure Act (HMDA) requires most financial institutions to disclose information on their mortgage lending. Annually, this information creates a publicly accessible data set that includes millions of records and covers about 90 percent of mortgage lending in the United States (Gerardi, Willen, and Zhang, 2020). More information on HMDA can be found in this summary: What is HMDA and why is it important?Several years ago, the Cleveland Fed examined data for seven large urban counties in the Fourth District.1 At that time, we looked ...
Report
Home Lending Trends from Select Counties in Kentucky, Ohio, and Pennsylvania: 2018–2022
This series of reports examines home mortgages and refinances from 2018 through 2022, a period of great change. The reports look at seven large counties in Kentucky, Ohio, and Pennsylvania: Allegheny County, Pennsylvania (Pittsburgh); Cuyahoga County, Ohio (Cleveland); Fayette County, Kentucky (Lexington); Franklin County, Ohio (Columbus); Hamilton County, Ohio (Cincinnati); Lucas County, Ohio (Toledo); and Montgomery County, Ohio (Dayton).
Journal Article
New HMDA requirements expand reporting and public disclosure
Journal Article
HMDA data to include new home loan price information
Journal Article
Loan pricing included in new HMDA data for the first time
Journal Article
HMDA reporting procedures to change
Journal Article
New HMDA data: intent, interpretation, and implications
In March, the first data reflecting changes to the Home Mortgage Disclosure Act became available to the public. Anna Afshar summarizes the new data?s features, the intent of the changes, and the limits of interpretation.
Journal Article
Home Mortgage Disclosure Act: new pricing data
In fall 2005, the Board of Governors of the Federal Reserve System published its first study of the new Home Mortgage Disclosure Act (HMDA) interest-rate data. The study included extensive national analyses of mortgage pricing patterns across racial and ethnic groups. The findings confirmed a commonly held belief about mortgage prices: Traditionally underserved minority groups were more likely than other populations to pay higher prices for mortgages. In general, the findings hold for New England.
Journal Article
Updating HMDA
Carol Lewis of the Boston Fed provides lenders and others who track HMDA (Home Mortgage Disclosure Act) with an overview of changes to the Regulation that takes effect in 2003. She reviews the Regulation's expanding coverage, additional data reporting requirements, and definition changes.