New CFPB Tool: Home Mortgage Disclosure Act Data

[road2freedom]

http://finance.yahoo.com/news/mortgage-tool-cfpb-100056659.html

 

 

The CFPB today announced the release of its new online tool for exploring Home Mortgage Disclosure Act data, which allows people to sift through the data available on home loans made in their communities and compare it to other locations. The tool is meant to help people gain a better understanding of consumer access to credit in their areas, CFPB officials said.

 

Direct Link to tool -> http://www.consumerfinance.gov/hmda/explore

[joe blo]

Excellent...

[DallasLoanGuy]

thats weird.... not really sure how that helps consumers.

[road2freedom]

Yeah, I downloaded some data for my area... it wasn't particulary enlightening. I guess it's more of a transparency thing for fair lending practices.