Housing Stock – Mortgage Lending Profile
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 2022 HMDA one year national loan-level data files.
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.
Methodology
Data is obtained from the FFIEC HMDA “One Year National Loan Level Dataset” 2022 Loan/Application Records (LAR). This dataset reports data as of May 1, 2024. Only valid records are included in data reporting. This means all the income coded as ‘NA’ generally or income being 0 when calculating the loan-to-income ratio are excluded from the estimation.
The race/ethnicity variable is generated from ‘derived_ethnicity’ and ‘derived_race’. Income is grouped and reported based on the exact values.
For more information about data fields, please visit the Public HMDA – LAR Data Fields online document or check HMDA’s One Year National Loan Level Dataset home page.
Data Breakouts Available
- Home Purchase Loan Originated by Race/Ethnicity
- Home Purchase Loan Originated by Loan Amount
- Loan Originated by Loan Type
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