Michigan Financial Institutions Bureau Commissioner, Patrick M. McQueen, announced today that data compiled under the federal Home Mortgage Disclosure Act are available. The data cover mortgage and home improvement loan applications taken by lenders during 1997 and provide information such as the amount and terms of a loan request, the decision made, the census tract where the subject property is located, and certain borrower characteristics. Demographic information and aggregate information on home loans by census tract for each metropolitan area also are available.

The data are available in a variety of media formats from the Federal Financial Institutions Examination Council. Questions related to ordering the data may be directed to the Council by telephone at (202) 452-2016 or by facsimile at (202) 452-6497. Both metropolitan area aggregate and institution disclosure data also may be downloaded via the Council's HMDA Web site at http://www.ffiec.gov/hmda/.

The Michigan Financial Institutions Bureau is the primary regulator of Michigan's state-chartered banks, credit unions, savings banks, and over 4000 other licensed lenders