2004 Home Mortgage Disclosure Act (HMDA) Data Available
September 14, 2005
Circular No. 11730

To All Depository Institutions and Others
Concerned in the Second Federal Reserve District:

The Federal Financial Institutions Examination Council has announced the availability of data for 2004 on mortgage lending transactions at 8,853 financial institutions covered by the Home Mortgage Disclosure Act (HMDA) in metropolitan statistical areas nationwide.

The HMDA data include disclosure statements for each financial institution, aggregate data for each metropolitan statistical area, nationwide summary statistics regarding lending patterns and the Loan Application Register submitted by each institution to its supervisory agency on March 1, 2005, modified for borrower privacy.

The data reflect new information collected for the first time in 2004, including information relating to loan pricing, whether a loan or application relates to manufactured housing, and whether a loan is secured by a first or subordinate lien, or is unsecured. The pricing data are intended to advance enforcement of consumer protection and anti-discrimination laws and to improve mortgage market efficiency.

In addition, the new data reflect changes in other data items, including revisions to the classification of applicants and borrowers by ethnicity and race.

Press release OFFSITE
March 2005 press release OFFSITE
June 2002 press release on changes to Regulation C OFFSITE
Federal Register notice OFFSITE

John Gary Ricketti
Vice President
Risk Management

Media contact:
Susan Stawick
Board of Governors of the Federal Reserve System
Public Affairs Office
(202) 452-2955