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    The major lending institutions such as banks and other mortgage lenders are required to report informati

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    The HMDA has been passed in order to provide the general public with the information that could help disclose whether or not mortgage lenders are able to serve the housing loan needs of their communities and neighborhoods. It also aims to assist public officials to direct public investments to the areas in the private sector where they may be needed. It has also been issued to make sure that the patterns in lending follow the stipulations of anti-discrimination policies by means of collecting and disclosing the information about the characteristics of borrowers and their applicants.

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    s are able to serve the housing loan needs of their communities and neighborhoods. It also aims to assist public officials to direct public investments to the areas in the private sector where they may be needed. It has also been issued to make sure that the patterns in lending follow the stipulations of anti-discrimination policies by means of collecting and disclosing the information about the characteristics of borrowers and their applicants.

    The major lending institutions such as banks and other mortgage lenders are required to report informati

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    investments to the areas in the private sector where they may be needed. It has also been issued to make sure that the patterns in lending follow the stipulations of anti-discrimination policies by means of collecting and disclosing the information about the characteristics of borrowers and their applicants.

    The major lending institutions such as banks and other mortgage lenders are required to report informati

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    ollow the stipulations of anti-discrimination policies by means of collecting and disclosing the information about the characteristics of borrowers and their applicants.

    The major lending institutions such as banks and other mortgage lenders are required to report informati

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    rrowers and their applicants.

    The major lending institutions such as banks and other mortgage lenders are required to report information for the Home Mortgage Disclosure Act each year. Currently the lending institutions, both nondepository and depository, that prove at least $25 million worth of mortgage loans in a year are required to report these information. The number of institutions required to report for HMDA have increased dramatically since 2004.

    The information reported by the institutions are submitted to the FFIEC or the Federal Financial Institutions Examination Council, a coalition comprised of thrift and bank regulatory agencies. Data is collected every 1st of March

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