June 16, 2022

FFIEC: Availability of 2021 HMDA Data on Mortgage Lending Announced

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions. Covered institutions include banks, savings associations, credit unions, and mortgage companies.

The HMDA data are the most comprehensive publicly available information on mortgage market activity. The data are used by industry, consumer groups, regulators, and others to assess potential fair lending risks and for other purposes. The data help the public assess how financial institutions are serving the housing needs of their local communities and facilitate federal financial regulators’ fair lending, consumer compliance, and Community Reinvestment Act examinations.

The Snapshot National Loan-Level Dataset (Snapshot) released today contains the national HMDA datasets as of May 1, 2022. Key observations from the Snapshot include the following:

The FFIEC also released today several other data products to serve a variety of data users. The HMDA Dynamic National Loan-Level Dataset is updated on a weekly basis to reflect late submissions and resubmissions. Aggregate and Disclosure Reports provide summary information on individual financial institutions and geographies. The HMDA Data Browserallows users to create custom tables and download datasets that can be further analyzed. In addition, beginning in late March 2022, the FFIEC made available Loan/Application Registers for each HMDA filer of 2021 data, modified to protect borrower privacy. Additional observations regarding the 2021 data may be found here.

More information about HMDA data reporting requirements is also available at https://ffiec.cfpb.gov/.

This post was originally published here.