Finance
Iowa's HMDA (Home Mortgage Disclosure Act) reporting requirements help the public and regulators identify:
AThe number of IREC-licensed lenders in Iowa
BPatterns of lending discrimination and underserved communities by requiring lenders to report mortgage application and loan data by demographics and geography✓ Correct
CIowa property tax assessment accuracy
DBroker commission rates in different Iowa markets
Explanation
HMDA requires covered financial institutions to collect and report data on mortgage loan applications and originations, including applicant demographics and geographic data. This data helps identify potential discriminatory lending patterns and underserved communities.
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