Data Sources

Home Mortgage Disclosure Act (HMDA)

This dataset contains anonymized data on mortgage applications and is a confidential version of the Home Mortgage Disclosure Act (HMDA) data. With few exceptions, all mortgage applications filed in the United States are subject to HMDA reporting and thus included in this database. Of the two data sources used, only HMDA contains protected attributes of the applicants, such as an applicant’s race, ethnicity, and gender. While a publicly available version of this dataset exists, we work directly with a confidential version that is available to users within the Federal Reserve System and includes more detailed information for each loan application (e.g., the exact date an application was filed, applicant and coapplicant age, credit score, automated underwriting system results). In the explorer, we use mortgage applications submitted in 2004 through 2023.

ICE, McDash (McDash)

This dataset is composed of the anonymized servicing portfolios of the largest residential mortgage servicers in the United States, covering approximately two-thirds of loans in the residential mortgage servicing market. It allows us to track the performance of originated mortgages over time. In particular, it includes a monthly variable indicating loan delinquency status. McDash also includes a rich set of borrower and loan characteristics across a longer time span relative to HMDA, such as the credit score and the loan-to-value ratio (LTV). This explorer uses McDash data from loans originated in 2004 through 2021.