The Home Mortgage Disclosure Act
The Federal Reserve Board held four public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The dates and locations of the hearings are below.
- July 15, 2010 at the Federal Reserve Bank of Atlanta; Agenda and Materials
- August 5, 2010 at the Federal Reserve Bank of San Francisco; Agenda and Materials
- September 16, 2010 at the Federal Reserve Bank of Chicago; Agenda and Materials
- September 24, 2010 at the Federal Reserve Board in Washington, D.C.; Agenda and Materials
HMDA requires mortgage lenders to provide detailed reports about their mortgage lending activity to regulators and the public. Read more about HMDA.
Consumers, community and consumer organizations, mortgage lenders, and other interested parties were invited to participate in the hearings, whichserved three objectives:
- to help the Board evaluate whether the 2002 Regulation C revisions that required lenders to report mortgage pricing data provided useful and accurate information about the mortgage market;
- to provide information to help the Board assess the need for additional data and other improvements; and
- to help identify emerging issues in the mortgage market that may warrant additional research.
All hearings included panel discussions by invited speakers. Other interested parties were allowed to deliver oral statements of up to five minutes during an "open-mike" period. Sign-up for the open-mike session was available on a first-come, first-served basis starting at 8:00 a.m. the day of each hearing. Those who wished to speak were required to sign up in person. Written statements of any length were required to be submitted for the record.
Other: Community Reinvestment Act hearings