The Board responded to these concerns by amending Regulation C, the regulation that implements HMDA, to expand the available data on higher-priced lending. The data released by the FFIEC in September 2005, which covered lending activity in 2004, contained the first loan-level information on loan pricing ever available to the general public.
The data contain price information for loans whose prices exceeded thresholds set by the Board. The thresholds were selected to target segments of the home loan market that have raised the most concern, taking into consideration the cost and burden of reporting. The thresholds generally correspond to an unofficial line separating the prime and subprime markets.