The Home Mortgage Disclosure Act (HMDA)
   and Chase's Fair Lending Commitment
 
Click here for frequently asked questions, additional background, the Web form to request Chase's HMDA data and information on obtaining a mortgage through Chase.
The Home Mortgage Disclosure Act (HMDA) provides the public with loan data that can be used to assess how financial institutions are serving the housing needs of their communities.
 
In 2002, HMDA regulations were revised to require mortgage lenders to report additional information. This new data includes pricing information on loan rates above certain thresholds and new race and ethnicity data, as well as whether the home is a manufactured home, whether the lien is a first or junior lien and whether the loan falls under the Home Ownership Equity Protection Act (HOEPA). The HMDA data continues to include racial/ethnic identifiers, the amount of the loan and the location of the loan by census tract.
 
Lenders report data to regulators on March 1st each for loans and applications from the prior calendar year. Lenders must make data available to requesting parties within 30 days of any request but no earlier than March 31st.
 
Chase, the fourth-largest U.S. residential mortgage lender, seeks to serve all who wish to achieve and sustain home ownership. We price our mortgages fairly, and we believe that our current practices prevent discrimination against individuals. We take fair lending very seriously, and we are committed to working with the industry and community groups to stamp out any discrimination that may occur.
 
Chase has an Emerging Markets and Affordable Lending team in Home Lending. The team's goal is for Chase to become a top-three lender to minorities and underserved communities by cultivating strategic business partners, home buyer education, and sourcing business from new and current industry and community partners.
 
We also want you to know that at Chase:
  •   We work hard to ensure fair lending and pricing.
  •   We work with consumers to help them own homes, and have helped increase homeownership to record levels.
  •   We price our loans based on a borrower's financial qualifications, product choice and local market competition.
  •   We have a large number of products suited to the needs of borrowers in all income and wealth categories, as well as for customers across the credit spectrum.
  •   We offer multiple channels to serve customers, including direct retail loan officers, bank branches, telephone centers, as well as broker and correspondent lenders.
  •   We have over 17,000 employees and do business in 50 states; we have a physical presence in 42 states.
  •   We provide continuing service to all the communities we serve and financial support to community groups involved in economic development and strengthening the social fabric in our communities.
  •   We originated loans primarily through two legal entities - JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A. - but we manage our mortgage business centrally. As a result, we believe it is best to view our mortgage business as a combination of our mortgage entities.