HMDA grew out of public concern over credit shortages in certain u believed that some financial institutions had contributed to the decli their failure to provide adequate home financing to qualified applica conditions. Thus, one purpose of HMDA and Regulation C is to provid will help show whether financial institutions are serving the housing and communities in which they are located. A second purpose is to a investments from the private sector to areas where they are needed 1989 require the collection and disclosure of data about applicant a