Housing Stock – Mortgage Lending Outcomes
Lending institutions must report all loans for home purchases, home improvements, and mortgage refinancing based on the Home Mortgage Disclosure Act (HMDA) of 1975. This indicator displays information derived from the 2021 HMDA loan-level data files. It reports the loan-to-income ratios for all purposes of loans approved or denied.
Source
Additional data analysis by CARES.
Source Description
The Home Mortgage Disclosure Act (HMDA) requires lending institutions to make annual public disclosures of their home mortgage and home improvement lending activity. Disclosures are publicly available not only at the institutions’ own offices, and also online through the Federal Financial Institutions Examination Council website. Available HMDA data includes national and local aggregate reports, as well as loan-level data files from the universe of eligible depository and nondepository lending institutions nationwide. The HMDA loan-level flat files for 2021 consist of over 26 million records which contain quantitative and descriptive information about each loan and loan applicant, including the purpose of the loan and the action taken by the lending agency. More information is available through the FFEIC’s Home Mortgage Disclosure Act web page.
Data Breakouts Available
- Refinancing
- Home Improvement
- Home Purchase
- Loan-to-Income Ratio for Denied Loans by Race and Hispanic Ethnicity by Loan Purpose