Did you know the CFPB publishes HMDA data every week?#nbsp;
Publicly available HMDA data is collected and published by the year of the mortgage application activity it is reporting. The 2021 HMDA data was first published March 23, 2022. While lenders under Reg C are required to complete their previous year LAR (loan application register) by March 1 each year, they also continue to file corrections and/or late filings.
The March ("Spring") release is what the CFPB calls the Modified LAR, where data is released in individual files by lender, and includes certain modifications like more coarse-grain rounding of Loan Amount and Applicant Income.
Yesterday marked the "Summer" release - what the CFPB calls National Loan Level data. Now bundled in a single file, the enhanced rounding is dropped, and the CFPB adds in additional derived HMDA fields and related Census data.
How does Polygon Research navigate these releases relative to our best-in-class HMDA analysis tool HMDAVision?
Here are the highlights:
We like to say that being in the mortgage/housing industry without HMDAVision is like flying without radar. Contact us for a demo to see what we mean.