Sep 10, 2019 · Prior to this time, HMDA collected a single ethnicity and up to five racial groups for each applicant and co-applicant. The possible ethnicities included : Code 1—Hispanic or Latino

Current Regulation C, which implements HMDA, requires certain financial institutions to collect and report information about the ethnicity, race, and sex of applicants for mortgages.

Sep 9, 2024 · Unofficial redline of the 2020 Final Rule amendments to Regulation C. Collection and Reporting of HMDA Information about Ethnicity and Race. Unofficial redline of the 2019 Final Rule amendments to Regulation C. Summary of the May 2019 proposed amendments to Regulation C and advance notice of proposed rulemaking.

Jan 25, 2025 · The HMDA asks lenders to identify the sex, race, and income of those applying for or obtaining mortgages, but the data is anonymized in record keeping.

Race of Applicant or Borrower. Indicate the race of the applicant or borrower, or of the first co-applicant or co-borrower, as applicable, by entering up to five (5) of the applicable Codes from the following: Code 1—American Indian or Alaska Native. Code 2—Asian. Code 21—Asian Indian. Code 22—Chinese. Code 23—Filipino. Code 24—Japanese

Derived fields used in HMDA data and publication products, such as Race, Sex, and Ethnicity, were aggregated from the source data, following a methodology developed by the CFPB for analysis and privacy protection, but are not an official and sole government definition.

This guide covers the basics of what HMDA data are and how to access the data, as well as a step-by-step guide for using HMDA data. The guide will instruct the beginner user how to find and download HMDA data, select subsets and filters for the data, and begin to analyze the HMDA data using pivot tables, grouping data

Both the HMDA Rule and current Regulation C require a covered institution to collect information about an applicant’s ethnicity, race, and sex on the basis of visual observation or surname when an applicant chooses not to provide the information for an application taken in person.

Apr 1, 2025 · The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose loan-level information about mortgages.

Sep 26, 2016 · Race and ethnicity data are one of the hallmarks of HMDA reporting. But the categories are by no means set in stone. The last major changes came for the 2000 Census, with all government agencies having to implement them by 2003.