Reference: Consumer Financial Protection Bureau Releases New Home Mortgage Data Visualization Tools
[Recently, the CFPB released] a set of web-based tools to provide consumers with easier access to public mortgage data collected under the Home Mortgage Disclosure Act. The new tools will help maximize the impact of this tremendous public dataset by providing a user-friendly tool to enable consumers to explore mortgage application and loan data at a local level.
[Clip]
The Home Mortgage Disclosure Act or HMDA requires many financial institutions to maintain, report, and publicly disclose information about mortgages. HMDA was originally enacted by Congress in 1975 and the Dodd-Frank Act transferred HMDA rulemaking authority from the Federal Reserve Board to the Consumer Financial Protection Bureau in 2011. In 2012, HMDA data included approximately 18.7 million records from 7,400 financial institutions.
[Clip]
You’ll be able to explore the data using interactive maps and charts. Using the tool, you can see nationwide summaries or choose interactive features that allow you to isolate the data for any metropolitan area. You can easily explore millions of data points with these graphs and charts. The image below is an example of a map generated by the tool. The map shows that loan volumes were up in 2012 in most counties throughout the U.S. We’re committed to enhancing the functionality of the tool and will continue to release enhanced features over time.
Direct to Home Mortgage Visualization Tools
Filed under: Data Files, Maps, News
About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.