Definition
Enacted by Congress in 1975, HMDA provides the most comprehensive source of publicly available information on the U.S. Mortgage Market. HMDA is a disclosure law that requires the collection and disclosure of data about applicant and borrower characteristics to assist in identifying possible discriminatory lending patterns and enforcing antidiscrimination statutes.
Pursuant to the Dodd–Frank Wall Street Reform and Consumer Protection Act, as of 2018 HMDA data was to be submitted to the Consumer Financial Protection Bureau via an online portal named the HMDA Platform. The first year of data submitted via this process was 2017.
For more information about HMDA, visit the Consumer Financial Protection Bureau (CFPB) website.
