Town of Arlington, Fair Housing Action Plan (July 2021)

Citation: Town of Arlington, Fair Housing Action Plan (July 2021)
Jurisdiction: Arlington (municipal)
Source: Official source
Original Source: https://www.arlingtonma.gov/home/showpublisheddocument/57214/637641171662530000 ↗

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Appendix C:
Expanded HMDA Analysis
The federal Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and
publicly disclose loan-level information about mortgages. The following section uses this data to assess the
volume of home loan applications and denial rates in Arlington and the comparison region, with attention to
lending patterns that could be discriminatory. Importantly, HMDA data is useful in understanding mortgage
lending and the large portion of home sales that are dependent a mortgage loan. This lending data does not
shed light on the portion of the housing market where a mortgage loan is not necessary, such as “cash” purchases
by very wealthy buyers. Additionally, HMDA reports do not provide data for all protected classes. This analysis
is limited to the demographic categories that HMDA data does provide.