A new graphs tool that utilizes quarterly Home Mortgage Disclosure Act (HMDA) data reported by certain financial institutions was unveiled Tuesday by the federal agency charged with consumer financial protection.
Under 2015 revisions to the Consumer Financial Protection Bureau’s (CFPB) HMDA rule (Regulation C), quarterly data is submitted by financial institutions that report a combined total of at least 60,000 applications and covered loans, excluding purchased covered loans, for the preceding calendar year.
The CFPB said its new quarterly graphs tool allows users to review a total of 21 graphs organized according to questions often asked about the mortgage market. The bureau said the graphs display aggregated filing information in the categories of combined loan-to-value ratio, credit score, debt-to-income ratio, denial rates, interest rates, loan and application counts, and total loan costs.
“To help the public use the new data, the tool allows for the download of the graphs and the displayed data in CSV or XLS format, custom URL sharing, and the opportunity to save the graph as a PDF,” the bureau said in an announcement to subscribers. “The HMDA Graphs tool currently contains data for 2019, 2020, 2021, and the first quarter of 2022. Data for each new quarter will be added as soon as it is available.”
The graphs tool and answers to frequently asked questions (FAQs) related information are housed on the website of the umbrella Federal Financial Institutions Examination Council (FFIEC). Questions about the tool can be emailed to HMDAHelp@cfpb.gov, the agency said.