The Home Mortgage Disclosure Act: A Synopsis and Recent Legislative History

18 Pages Posted: 14 Nov 2007 Last revised: 23 Aug 2016

Date Written: November 13, 2007

Abstract

This article describes the provisions of the federal Home Mortgage Disclosure Act (HMDA), tracing its legal evolution since 1989, when Congress expanded HMDA to require reporting of home mortgage lending by ethnicity and race. HMDA requires most lenders to report the demographic makeup and geographic distribution of home mortgages to the federal government. The 1989 amendments and later developments transformed HMDA from a law exclusively concerned with geographic disinvestment to one concerned with lending disparities by ethnicity and race. In the process, HMDA evolved from an obscure reporting statute to a flashpoint for debates over lending discrimination and subprime lending.

Keywords: Home Mortgage Disclosure Act, HMDA, mortgage lending, home loans

JEL Classification: R11, R14, R21, R31, R38

Suggested Citation

McCoy, Patricia Ann, The Home Mortgage Disclosure Act: A Synopsis and Recent Legislative History (November 13, 2007). Journal of Real Estate Research, Vol. 29, No. 4, 2007. Available at SSRN: https://ssrn.com/abstract=1030041

Patricia Ann McCoy (Contact Author)

Boston College Law School ( email )

885 Centre Street
Newton, MA 02459-1163
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
21
Abstract Views
1,107
PlumX Metrics