NCRC President John Taylor provides a wrapup of his testimony at the House Financial Services Subcommittee. The hearing was on "Rooting Out Discrimination in Mortgage Lending: Using HMDA as a Tool for Fair Lending Enforcement." HMDA stands for Home Mortgage Disclosure Act which requires collection and reporting of Mortgage Related Data by some lenders. While HMDA is a useful tool in analyzing lending trends, NCRC believes that the data collected should be expanded in order to provide more publicly accessible information to improve analysis of progress and problems in lending patterns. Also featured is Subcommittee Chair, Melvin L. Watt (D-NC, 12th District) interviewed by NCRC's VP of Legislative and Regulatory Affairs, Sylvia Lake.
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