Federal Reserve Report Highlights Lending Concentration and Other Loan Patterns
The Federal Reserve Board recently released the latest in a series of occasional reports on mortgage lending based on data collected under the 1975 Home Mortgage Disclosure Act (HMDA). The law, broadly amended in 1989 and several times since, requires most mortgage lending institutions with offices in metropolitan areas to disclose information about the geographic location, the income, sex, and race or ethnicity of individuals applying for credit...
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