National Mortgage News HMDA Product Offerings

Overview

Under the Home Mortgage Disclosure Act (HMDA), all significant lenders (8,751 companies in 2005) must record each mortgage loan they extend or purchase. The records are submitted once a year to the Federal Government, which makes the data available to the public. The complete 2005 dataset consists of some 21.5 million loan records describing the geographical location and occupancy status of each mortgaged property as well as the loan amount, the type and purpose of the loan, the type of the underlying property as well as information about the borrower’s race, sex and income status.

Our analysts process this huge amount of data using sophisticated proprietary computer programs and make it available to the public in various reporting formats.

HMDA Digest

The HMDA Digest is a large Excel workbook with over half a million data points on 8,751 companies. The Digest lists all HMDA reporting companies along with over 60 data points on their 2005 production. You can download this 16MB file from a password-protected web page or receive it on a CD ROM. The price of the HMDA Digest is $549.

Manufactured Housing Report

The Manufactured Housing Report is a large Excel workbook that ranks manufactured housing lenders by loan volume nationwide and in each of the fifty states (plus DC and Puerto Rico). The Manufactured Housing Report costs $299.

Subprime Lending Report

The Subprime Lending Report is a large Excel workbook that ranks lenders by their subprime loan volume (involving loans that have a spread of at least 300bp over the comparable treasury yield) nationwide, in each state and in each Metropolitan Statistical Area. The price of the Subprime Lending Report is $399.

Second Lien Lending Report

The Second Lien Lending Report is a large Excel workbook that ranks lenders by their second lien volume nationwide, in each state and in each Metropolitan Statistical Area. The price of the Second Lien Lending Report is $399.

Custom Reports

For those who require information closely tailored to their business needs, our Custom Reports provide a flexible and user-friendly interface to the vast amount of data collected under HMDA. With our Custom Reports you get definitive information on the unique combination of geographical areas and business niches that are relevant to your business. Our experienced analysts will listen to the problem you are trying to solve, then they will recommend and prepare a report that will provide the information to fit your need. Starting at $99, Custom Reports are priced individually, based on the amount of work involved in preparing them.

Examples

• You are preparing a presentation assessing your lending activity in New England. Our Custom Report can provide you with key information, including who your competitors are in the region, what their (and your) market share is in each state, county or metropolitan area of New England and what type of products they are strong at.
• Your company wants to introduce a jumbo debt consolidation product in the Southwest. Unfortunately, your marketing dollars are limited, and you need to decide if you will push the product in Arizona or New Mexico. Our Custom Report will tell you the number of jumbo refis in each county of those two states so you can concentrate your efforts on the areas where there is a lot of business to begin with.
• Your company is accused of redlining: turning away black borrowers in Alabama. With our Custom Report you can clear up the facts by comparing the share of each minority group in your borrower population with those in your competitors’ portfolios on a county-by-county basis.
• With the recent natural disasters, manufactured home purchases are picking up in the Gulf states, and your company would like to provide loan products to help satisfy this new demand. Who are your major competitors? Our Custom Report can rank manufactured home lenders in each Louisiana parish.
• You are a nationwide subprime lender and you notice that your subprime loan volumes in Oklahoma are not where they are in comparable states. Is your regional sales staff slacking off, or do your peers also have a hard time moving subprime loans in Oklahoma? Our Custom Report can show you what kind of subprime volumes others have in that state, and you can let the facts guide your strategy.

HMDA Database

If you can speak SQL and wield a relational database, you can do your own analysis of this rich dataset. You can purchase the entire database (delivered to you in Access format, burned on a CD), and we will include access to our experts for explanations of what the various data fields mean. Please note, though, that we will not teach you how to use Access. If you are not experienced in writing database queries, we recommend the Custom Reports option instead. The price of the HMDA Database is $799.

Frequently Asked Questions

Are there phone numbers and e-mail addresses in your data?

No. The HMDA dataset contains no personally identifiable information on borrowers. That means we can’t give you names, addresses, phone numbers or e-mail addresses.

Can I get data from the last quarter?

Unfortunately, no. The Federal Government collects HMDA data annually, not quarterly. The information becomes available about seven months after the end of the year. For example 2005 data became available in August of 2005.

Do you have information on home equity loans?

Only if the home equity loan was made for home improvement. General HELOCs and loans taken out to pay down bills, credit cards or student loans are not reported under HMDA and so we don't have information on them.

Can you break out subprime loans?

Beginning with the 2005 data, we can identify loans that have a spread of more than three percentage points over the comparable treasury yield. We are adopting this as our criterion for a subprime loan.

How about manufactured housing loans?

Beginning with the 2005 data, we can separate manufactured housing loans from 1-4 family and multifamily loans.

Ordering Information

To order the HMDA Digest or the HMDA Database, or for a free consultation regarding a custom report to meet your needs, call Deartra Todd at (202) 434-0320, or e-mail her at deartra.todd@sourcemedia.com.