Tim Rood wrote an interesting post today on
Here’s a quick excerpt
A national law firm which frequently
analyzes actions either coming from or having an impact on the Consumer
Financial Protection Agency raised questions today about one of the Bureau’s
most recent moves. Karen Morgan, writing
in the Ballard Spahr’s CFPB Monitor,
questioned the motives of the Bureau in creating and releasing a new on-line
tool for analyzing Home Mortgage Disclosure Act Data (HMDA).
(Read More: CPFB Provides Key to Using HMDA Data)
Data collected for 2012 from 7,400
financial institutions under the HMDA were released last week by the Federal
Financial Institutions Examination Council (FFIEC). The data, which covers about 19 million
mortgage loan actions, covers loan level data on loan applications, originations and denials, loan amount, type,
purpose, property type, location, applicant characteristics (race, gender,
income), and pricing related data.
Almost simultaneously CFPB announced
release of its tool which allows researchers, agencies, and consumers to slice
and dice the data to look at individual variables at national and local
levels. In announcing the tools CFPB
sa
…(read more)
Forward [...]
Read the rest of this great post here
