Examples of Home Mortgage Disclosure Act in a sentence
Under the Home Mortgage Disclosure Act (HMDA), lending institutions are required to disclose information on the disposition of loan applications and the income, gender, and race of loan applicants.
All data required to be collected under the federal Home Mortgage Disclosure Act and Federal Reserve Regulation C thereunder has been collected as required, and has been accurately and completely provided to Purchaser in a reportable manner as of the Closing Date.
Under the terms of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (F.I.R.R.E.A.), any commercial lending institution that makes five or more home mortgage loans must report all residential loan activity to the Federal Reserve Bank under the terms of the Home Mortgage Disclosure Act (HMDA).
Action 1.1: Educate buyers through credit counseling and home purchase trainingMeasurable Objective 1.1: Number of outreach and education activities conducted Impediment 2: Predatory style lending falls more heavily on black borrowers: This impediment was identified in review of home loan data collected under the Home Mortgage Disclosure Act and in results of the 2014 Fair Housing Survey.
The Home Mortgage Disclosure Act and its implementing Regulation C generally require Lenders to collect sex, race, and ethnicity data on all applications.