HMDA data updated in the Database Library

WHAT'S IN IT?
This Act requires all banks, savings and loans, savings banks and credit unions with assets of more than $33 million and offices in metropolitan areas to report mortgage applications. Each loan record contains demographic information about loan applicants, including race, gender and income; the purpose of the loan (i.e. home purchase or improvement); whether the buyer intends to live in the home; the type of loan (i.e. conventional, FHA insured, etc.); a new field starting in 2004 called "spread," showing the difference between Treasury security interest rate and the loans interest rate; and the outcome of the loan application (i.e. approved or declined).

WHAT FORMAT?
HMDA data still come in the old .DBF format, easily imported into Access and other database managers. If you'd like something different, contact us and we'll do our best to help you out.  Email datalib@ire.org or call (573) 884-7711.

State slices are available.

WHAT CAN I DO WITH IT?

First, check out a sample of the data here: HMDA.xls

A run down on what you need to have to do HMDA data based stories and what pitfalls to watch out for in said data.

Data for Tracking the Subprime Story
The author discusses how to find data reported under the Home Mortgage Disclosure Act and query it to find information about high-interest loans. Maines also discusses how to tie the database results into a story about foreclosures in your area.

And more here: https://www.ire.org/resource-center/tipsheets/?q=hmda

More here: https://www.ire.org/resource-center/stories/?q=hmda

To order the full data online, visit the online store at https://www.ire.org/nicar/database-library/databases/hmda/ or contact the library.
datalib@ire.org
(573) 884-7711