Mortgage loan data that approximately 5,089 financial institutions collected last year on their modified loan application registers (LARs) as required under Home Mortgage Disclosure Act (HMDA) regulations was released Tuesday by the Consumer Financial Protection Bureau (CFPB).
The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy, the bureau said.
The HMDA data is used to, among other things, help show whether lenders are serving their communities’ housing needs and shed light on lending patterns that could be discriminatory, according to the bureau.
The annual loan-level LAR data for each HMDA filer is available online via the Federal Financial Institutions Examination Council’s (FFIEC) HMDA platform; users can also download one combined file that contains all institutions’ modified LAR data.
The CFPB said the data will be available in other forms later this year: nationwide loan-level datasets with all publicly available data for all HMDA reporters; aggregate and disclosure reports with summary information by geography and lender; and access to the 2023 data through the HMDA Data Browser, which will allow users to create custom datasets, reports, and data maps. The CFPB said it will later also publish a Data Point article highlighting key trends in the annual data.