How many loans dropped dramatically during 2007 and you will 2008
What’s HMDA?
Our home Mortgage Disclosure Act (HMDA) needs extremely mortgage brokers located in cities to reveal suggestions on household financing. HMDA lending research shows us exactly how amounts of property are switching through the years, just how many people are refinancing their houses and you can taking right out household update financing, recognition and you may getting rejected rates for loan requests, the advantages from individuals, and also the the amount to which consumers is actually relying on highest notice (prospective subprime) finance.
Government entities releases HMDA research into the social per year. During the 2017, lenders reporting HMDA data began an estimated ninety-five % out of mortgage loans regarding You.S. (1)
What HMDA data fields come on Florida Houses Study Clearinghouse?
The brand new Clearinghouse will bring HMDA bottom line research within state, county, and area peak from inside the Florida. This new Lending/HMDA software will bring information regarding the following studies sphere.(2)
What can you realize about the state of home loan lending in Fl communities in the Financing/HMDA software?
These are samples of issues which may be answered in the household lending in the Florida. Sample condition-level tables on the app are provided. (more…)