What lenders are required to report their data?
For-profit mortgage lenders that make $25 million or more in mortgage loans annually or that do at least 10% of their business in mortgage loans must collect and report HMDA data. In addition, federally insured banks, savings associations and credit unions with a home or branch office in a metropolitan area and that originated at least one home purchase or refinance of a home purchase loan in the preceding calendar year must report HMDA data.
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