The 2013 Home Mortgage Disclosure Act Data

Federal Reserve Bulletin, November, 2014 (vol 100)

37 Pages Posted: 4 Dec 2018

See all articles by Neil Bhutta

Neil Bhutta

Board of Governors of the Federal Reserve System

Daniel Ringo

Board of Governors of the Federal Reserve System

Date Written: November 25, 2014

Abstract

This article provides an overview of the 2013 data reported under the Home Mortgage Disclosure Act of 1975 (HMDA) and documents mortgage market activity over time as well as lending patterns across different demographic groups and lender types. In addition, we use a unique data set composed of HMDA records matched to borrowers' credit records to reexamine the factors that might help explain the large differences in the incidence of higher-priced lending across borrowers of different races and ethnicities during the housing boom. The HMDA data alone explain very little of these differences. The matched data provide information on borrowers' credit scores, and differences in scores across groups help explain a large portion, but not all, of the differences in higher-priced lending.

Keywords: HMDA, mortgage, discrimination, higher-priced mortgage, FHA, Community Reinvestment Act (CRA), low and moderate income (LMI)

JEL Classification: G21, G23, G28

Suggested Citation

Bhutta, Neil and Ringo, Daniel, The 2013 Home Mortgage Disclosure Act Data (November 25, 2014). Federal Reserve Bulletin, November, 2014 (vol 100). Available at SSRN: https://ssrn.com/abstract=3280286

Neil Bhutta (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Daniel Ringo

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
14
Abstract Views
133
PlumX Metrics