Home Mortgage Disclosure Act (HMDA): Loan Application Register (LAR) and Transmittal Sheet (TS) Raw Data, 2007 (ICPSR 24611)

Published: Dec 12, 2016

Principal Investigator(s):
Federal Financial Institutions Examination Council (U.S.)

Series:

https://doi.org/10.3886/ICPSR24611.v2

Version V2

The Home Mortgage Disclosure Act (HMDA): Loan Application Register (LAR) and Transmittal Sheet (TS) Raw Data, 2007 contains information collected in calendar year 2006. The HMDA, enacted by Congress in 1975, requires most mortgage lenders located in metropolitan areas to report data about their housing-related lending activity. The HMDA data were collected from 8,886 lending institutions and cover approximately 34.1 million home purchase and home improvement loans and refinancings, including loan originations, loan purchases, and applications that were denied, incomplete or withdrawn. The Private Mortgage Insurance Companies (PMIC) data refer to applications for mortgage insurance to insure home purchase mortgages and to insure mortgages to refinance existing obligations. Part 1, HMDA Transmittal Sheet (TS), and Part 4, PMIC Transmittal Sheet (TS), include information submitted by reporting institutions with the Loan Application Register (LAR), such as the reporting institution's name, address, and Tax ID. Part 2, HMDA Reporter Panel, and Part 5, PMIC Reporter Panel, contain information on all institutions that reported data in activity year 2006. Part 3, HMDA MSA Offices, and Part 6, PMIC MSA Offices, contain information on all metropolitan statistical areas in the data. Parts 7 through 789 contain HMDA and PMIC Loan Application Register (LAR) files at the national level, at the agency level, and by MSA/MD. With some exceptions, for each transaction the institution reported data about the loan (or application), such as the type and amount of the loan made (or applied for) and, in limited circumstances, its price, the disposition of the application, such as whether it was denied or resulted in an origination of a loan, the property to which the loan relates, such as its type (single-family versus multi-family), and location (including the census tract), the sale of the loan, if it was sold, and the applicant's and co-applicant's ethnicity, race, sex, and income.

Federal Financial Institutions Examination Council (U.S.). Home Mortgage Disclosure Act (HMDA): Loan Application Register (LAR) and Transmittal Sheet (TS) Raw Data, 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2016-12-12. https://doi.org/10.3886/ICPSR24611.v2

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city

Inter-university Consortium for Political and Social Research

2007

2006

For datasets 7 through 789, ICPSR is releasing the original deposited data files in the condition they were received, along with SPSS, Stata, and SAS setup files.

The data file for Part 7, HMDA Loan Application Register (LAR): National File, contains over 34 million records. Due to its large size, users are encouraged to open this dataset in SAS.

All Census tract, county definitions, and population counts were based on the 2000 Census of Population and Housing. Value labels for the variable STATE_CODE were added based on FIPS state and county codes located in United States Census 2000 TIGER/Line Files.

Although most home-secured loans are included in HMDA data, the reporting of some home equity lines of credit (HELOCs) was optional. Additionally, not all mortgage lenders are HMDA reporters. For example, a lender does not have to report HMDA data unless it has an office in a metropolitan statistical area (MSA). As a result, reporting of home loans made in some rural areas may be relatively low. For more details on reporting requirements in 2007, please refer to Home Mortgage Disclosure Act Web site.

More information about HMDA data can be found at Home Mortgage Disclosure Act Web site. A glossary of terms used in the data can be found at Home Mortgage Disclosure Act Glossary.

HMDA data were collected from 8,886 depository and nondepository institutions that were required to report HMDA data if they met the law's criteria for coverage. Generally, whether a lender is covered by HMDA depended on the lender's asset size, its location, and whether it is in the business of residential mortgage lending. PMIC data were collected from eight mortgage insurance companies that insured home purchase mortgages and to insure mortgages to refinance existing obligations. For more information about how respondents reported, please refer to A Guide to HMDA Reporting.

Cross-sectional

Home purchase and home improvement loans and refinancings (or applications) lended or insured by financial institutions in the United States that were required to report HMDA data in 2007.

lending institution

loan transaction

Loan Application Registers (LAR) and Transmittal Sheets (TS) completed by each institution and transmitted to the processing agency in paper or electronic format.

administrative records data

event/transaction data

2010-10-19

2016-12-12

2016-12-12 The study title and collection dates have been revised to reflect the 2006 activity year, with data reported in 2007. Filesets 1 through 6 and the multi-part setup files will also be replaced to correct the study year. Variable descriptions for parts 1 through 6 have been incorporated into the ICPSR Codebooks; "Frequencies" documents that were included in previous releases have been retired with this update. SDA was removed from this study as the original SDA pages were processed without using hermes, and the SDA title could not be updated to reflect the correct reporting year.

2010-10-19 ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Created variable labels and/or value labels.
  • Created online analysis version with question text.

The data are not weighted and do not contain any weight variables.

Notes

  • Data in this collection are available only to users at ICPSR member institutions.

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