Federal Reserve examiners use an institution’s HMDA data, including its accept-deny data for loan applications and any price data it may have reported on originations, in conjunction with other information about the institution to determine the focus of the institution’s fair lending examination. The HMDA data are incorporated into statistical management systems that produce analyses of lending patterns that aid the examination process.
Starting in 2005, these analyses incorporated loan-price data. Other information that examiners use includes consumer complaints, the likely risks of an institution’s different business lines, and the adequacy of the institution’s compliance-risk management system.