What is Considered HMDA Reportable?

The Home Mortgage Disclosure Act (HMDA) report, a crucial compliance tool for lenders, has seen its coverage expand significantly in recent years. But with this expansion comes the question: What exactly is considered HMDA reportable? Understanding the nuances of HMDA reporting can help financial institutions ensure they meet regulatory requirements and maintain robust consumer protection standards.

To begin, HMDA reporting is mandated for financial institutions that originated at least 25 home loans, business loans, or purchased 20 or more home loans in either of the two preceding calendar years. However, the reporting threshold has fluctuated over time, and it's essential to stay updated with the latest changes.

The Scope of HMDA Reportable Loans

HMDA covers a wide range of loan types, but not all loans are reportable. Financial institutions must report on their loan originations, purchases, and refinances for residential real estate, not including home equity lines of credit (HELOCs).

Your top 10 HMDA questions answered: Part 6

HMDA analysis shows wide gap in down payment assistance use

[Charts] Latest HMDA data reveals hottest home buying regions

Multi-family mortgages and home improvement loans also fall under the HMDA umbrella, as long as they are secured by a dwelling. conversely, closed-end consumer loans and HELOCs are generally not reportable, unless the HELOC is secured by a dwelling and the loan amount exceeds the threshold.

Reportable Loan Actions

HMDA requires reporting on specific loan actions, including applications, origins, and purchases. An application is reportable when it is denied,approved, or withdrawn. Origins and purchases, on the other hand, must be reported regardless of the action taken on the loan.

a person holding out their hand in front of a computer screen with an image of a house on it

Regulators' silence on new HMDA rule is deafening

What is the mortgage charge forecast for fall 2026? Here's what specialists anticipate.

When it comes to originated loans, all types - closed-end, open-end, and transactional - fall under HMDA's purview. However, balloon loans and reverse mortgages do not need to be reported unless they are subsequently refinanced or purchased.

Geographical Factors

HMDA has geographical aspects to consider as well. Loans secured by properties located outside the reporting institution's Metropolitan Statistical Area (MSA) or principal coverage area are not considered reportable, unless the property is within a 50-mile radius of the lender's office or branch.

Additionally, certain U.S. territories are exempt from HMDA reporting requirements, including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. However, loans secured by properties in these locations may still be reportable if they are originated, purchased, or refinanced by a lender with branches in the mainland United States.

CFPB reports ‘significant’ drop in mortgage activity in 2023

What HMDA approval changes when you come to sell

Here are 5 big insights from the new HMDA data

What to Know About a Comparative Market Analysis (CMA) in Real Estate

HMDA Data Points and Recordkeeping

Beyond loan types and actions, HMDA regulations specify the data points that must be collected and reported. This includes loan terms and conditions, borrower demographic information, loan purpose, and property type, among others.

Institutions are required to maintain records of their HMDA data for a minimum of five years. This recordkeeping period allows regulators to monitor compliance and trends in mortgage lending, ensuring fairness and transparency in the lending process.

Penalties for Non-compliance

failure to comply with HMDA reporting requirements can result in significant penalties. The Consumer Financial Protection Bureau (CFPB), the agency responsible for enforcing HMDA, can impose civil money penalties for violations, ranging from $5,000 to $50,000 per day for knowing violations and $2,500 to $25,000 per day for unknowing violations.

Why HMDA Approved Plots Are the Best Investment Choice

Immobilienpreis ermitteln: Diese Faktoren beeinflussen den Wert Ihrer Immobilie

What Is The Home Mortgage Disclosure Act (HMDA)? (2026)

an upward graph shows the growth of real estate prices

a small house on top of a circuit board with an upward arrow pointing up to it

a white sign that says hoa rules and c & r's

Wie Sie mit einem Wertermittlungsrechner den optimalen Verkaufspreis für Ihre Immobilie ermitteln

a clipboard with a magnifying glass on top of it next to stacks of coins

a woman in a green dress standing next to a couch and coffee table with the caption what does it mean cia?

two people sitting at a table with a small model house on their hands and papers in front of them

UK HMO Management 2025: Essential Guide for Landlords

Architectural Character + Modern Efficiency for Your Next Project

a house sitting on top of stacks of coins next to piles of coins with leaves growing out of them

In light of these penalties, it's crucial for financial institutions to stay informed about HMDA reporting requirements and ensure they are accurately and completely reporting their HMDA data. To do this, institutions should establish robust staff training programs, inhibit internal controls, and leverage technology to streamline their HMDA reporting processes.

The world of HMDA reporting may seem complex, but understanding the basics can help financial institutions navigate these requirements with confidence. By staying informed, institutions can ensure they are compliant, maintain strong consumer protection practices, and build trust with their customers.