Home Mortgage Disclosure Act


The Home Mortgage Disclosure Act (HMDA) is a U.S. federal law designed to promote transparency in the nation’s housing and home loan markets It is a direct response to redlining by requiring financial institutions to publicly disclose details of their home lending activities including the geographical distribution of loans and the race, gender, and income of applicants. The HMDA data was an important step in identifying and combating discriminatory lending practices