Second, as a supervisor of financial institutions, the Federal Reserve uses HMDA data, including the price data, to facilitate its supervision of institutions for compliance with laws prohibiting discrimination in home lending. Third, as a research institution, the Federal Reserve conducts and publishes analyses of the price data, and it encourages research by other parties as well.
Fourth, the Federal Reserve supports efforts by other organizations to use the HMDA data to identify financial education and community development needs. The Federal Reserve also supports their efforts to respond to those needs. The Board’s decision to collect price information As I have said, it is a Board regulation, adopted under authority of HMDA, that requires lenders to disclose loan-price data.