Federal Reserve BULLETIN
Current: 2013, Volume 99
November 21Mortgage Market Conditions and Borrower Outcomes: Evidence from the 2012 HMDA Data and Matched HMDA--Credit Record Data (PDF)
Neil Bhutta and Glenn B. Canner
This article describes mortgage lending activity in 2012 based on newly available data reported under the Home Mortgage Disclosure Act of 1975 (HMDA). It also examines a new data set composed of HMDA records matched to borrowers’ credit records. The matched data help document differences in the financial circumstances (credit scores and debt-to-income ratios) and subsequent loan performance of borrowers grouped by their race or ethnicity and income. The data also provide insight both into the potential for differential effects of the new qualified mortgage rules on access to credit across groups and into the role of the Community Reinvestment Act in the financial crisis.
November 20Legal Developments: Third Quarter, 2013
Four orders were issued this quarter, one for Hana Financial Group Inc. under Section 3 of the Bank Holding Company Act, one for Live Oak Bancshares, Inc. under Section 4 of the Bank Holding Company Act, one for One PacificCoast Foundation and One PacificCoast Bancorp, Inc. under Sections 3 and 4 of the Bank Holding Company Act, and one for Adams Bank & Trust under the Federal Reserve Act.
May 30Legal Developments: First Quarter, 2013
Three orders were issued this quarter, one for FirstMerit Corporation and Trustmark Corporation under Section 3 of the Bank Holding Company Act, and one for NongHyup Bank under the International Banking Act.
March 1Legal Developments: Fourth Quarter, 2012
Three orders were issued this quarter under Section 3 of the Bank Holding Company Act: one for Mitsubishi UFJ Financial Group, Inc.; one for River Valley Bancorp; and one for Sumitomo Mitsui Financial Group, Inc.