WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has introduced a new graphs tool that utilizes quarterly Home Mortgage Disclosure Act (HMDA) data reported by certain financial institutions.
According to the CFPB, the new quarterly graphs tool gives users the ability to review a total of 21 graphs organized according to questions often asked about the mortgage market. The Bureau explained the graphs show aggregated filing information in numerous categories, including combined loan-to-value ratio, credit score, debt-to-income ratio, denial rates, interest rates, loan and application counts, and total loan costs.
In announcing the new tool, the Bureau reminded that under 2015 revisions to the Consumer Financial Protection Bureau’s (CFPB) HMDA rule (Regulation C), quarterly data is submitted by financial institutions that report a combined total of at least 60,000 applications and covered loans, excluding purchased covered loans, for the preceding calendar year.
Multiple Formats
“To help the public use the new data, the tool allows for the download of the graphs and the displayed data in CSV or XLS format, custom URL sharing, and the opportunity to save the graph as a PDF,” the Bureau stated. “The HMDA Graphs tool currently contains data for 2019, 2020, 2021, and the first quarter of 2022. Data for each new quarter will be added as soon as it is available.”
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