| The Home Mortgage Disclosure Act (HMDA) |
The Home Mortgage Disclosure Act, enacted by Congress in 1975 and made permanent in 1988, requires depository and non-depository lenders to collect and publicly disclose information about housing-related loans and applications for such loans, including several applicant/borrower characteristics. This includes geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. HMDA is implemented by the Federal Reserve Board’s Regulation C (12 CFR Part 203) and a staff commentary (12 CFR Part 203, Supp. I). To receive a copy of the data send a written request to: Weststar Mortgage Corporation Compliance Department 2155 Louisiana Boulevard NE Albuquerque, NM 87110 Suite 8000 |
