Resources for Federal Financial Institutions Examination Council (FFIEC)

Know About Home Mortgage Disclosure Acts

www.bestsyndication.com

The HMDA has been passed in order to provide the general public with the information that could help disclose whether or not mortgage lenders are able to serve the housing loan needs of their communities and neighborhoods. It also aims to assist public officials to direct public investments to the areas in the private sector where they may be needed.

It has also been issued to make sure that the patterns in lending follow the stipulations of anti-discrimination policies by means of collecting and disclosing the information about the characteristics of borrowers and their applicants.

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