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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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HMDA LAR

An acronym for Home Mortgage Disclosure Act Loan Application Register. Lenders that accept mortgage applications are required to file a HMDA LAR in accordance with guidelines established by the Federal Reserve Board

See Home Mortgage Disclosure Act (HMDA)

HMDA Rate Spread Percent

The HMDA Rate Spread Percent is the spread between the Annual Percentage Rate (APR) and the comparable treasury security utilizing the "Treasury Securities of Comparable Maturity under Regulation C" table, action taken, lock-in-date, APR, loan term and lien status. The HMDA Rate Spread is a calculated field.

See Home Mortgage Disclosure Act (HMDA)

Home Mortgage Disclosure Act (HMDA)

The Home Mortgage Disclosure Act was enacted by Congress in 1975 and made permanent in 1988. HMDA is implemented by the Federal Reserve Board's Regulation C and requires lenders to report and publicly disclose data collected on mortgage loan applications to include:
  • Loan type and amount
  • Property location and type
  • Loan disposition (Denied or Approved) and,
  • Applicant Data
    • Ethnicity
    • Race
    • Sex
    • Income
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.