The Home Mortgage Disclosure Act (HMDA) was enacted by Congress in 1975 and was implemented by the Federal Reserve Board's Regulation C. On July 21, 2011, the rule-writing authority of Regulation C was transferred to the Consumer Financial Protection Bureau (CFPB). Regulation C, requires lending institutions to report public loan data. Using the loan data submitted by these financial institutions, the Federal Financial Institutions Examination Council (FFIEC) creates aggregate tables for each metropolitan statistical area (MSA) or metropolitan division (MD) (where appropriate), and individual institution disclosure reports.
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Agarwal et al. (2011)
|The consequences of mortgage credit expansion: Evidence from the US mortgage default crisis
Mian and Sufi (2009)
Quarterly Journal of Economics
|Subprime mortgages: What, where and to whom?
Mayer and Pence (2008)
NBER Working Paper