Mortgage loan information, modified to protect consumer privacy, is now available online for more than 4,300 financial institutions that file under Home Mortgage Disclosure Act (HMDA) requirements, the federal consumer financial protection agency said Thursday.
The information is derived from the HMDA Modified Loan Application Register (LAR) for 2021, the Consumer Financial Protection Bureau (CFPB) said. Online access to the information, the bureau said, was provided to increase public accessibility. The agency noted that previously, the public could obtain LAR data only by making requests to specific institutions for their annual data. “To allow for easier public access to all LAR data, the Bureau’s 2015 HMDA rule made the data for each HMDA filer available electronically on the FFIEC’s HMDA Platform,” the agency said. The FFIEC (Federal Financial Institutions Examination Council) is an umbrella group that includes all federal financial institution regulators as members.
The also said that, later this year, 2021 HMDA data will be available in other forms “to provide users insights into the data.” The agency said those forms will include: A nationwide loan-level dataset with all publicly available data for all HMDA reporters; aggregate and disclosure reports with summary information by geography and lender; and the HMDA Data Browser to allow users to create custom datasets, reports, and data maps.
The CFPB also will later publish a “Data Point” article highlighting key trends in the annual data, the agency said.