Home Mortgage Disclosure Act

United States [1975]

Also known as: HMDA

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Last updated

July 21, 2026

Quick Summary

The Home Mortgage Disclosure Act (HMDA) of 1975 is a United States law that requires lending institutions to publicly report data on their mortgage lending activities. This includes information on loan applications, approvals, and rejections, as well as the race and sex of applicants and the location of properties. The primary goal of HMDA is to help identify potential discriminatory lending practices, such as redlining, where lenders deny loans or restrict services in certain neighborhoods, often due to the racial characteristics of their residents.1

This act was established to promote transparency and fairness in the housing finance system, ensuring that all communities have access to credit. By collecting and disclosing this data, HMDA allows for the monitoring of lending patterns and helps to combat housing discrimination.1

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redlining
The Home Mortgage Disclosure Act (HMDA) of 1975 required lending institutions to report public loan data, while the Community Reinvestment Act of 1977 was intended to encourage banks and other financial institutions to help meet the credit needs of the communities in which they operate.
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The Home Mortgage Disclosure Act (HMDA) of 1975 required lending institutions to report public loan data, while the Community Reinvestment Act of 1977 was intended to encourage banks and other financial institutions to help meet the credit needs of the communities in which they operate.
Read More