The June 2003 changes in Metropolitan Statistical Area (MSA) boundaries and terminology have raised questions from HMDA reporters. Answers to those questions can usually be found in the Edits. For your convenience, here are answers to the most common questions:
The FFIEC Geocoding/Mapping System is a web-based tool designed to help financial institutions meet the legal requirement to report information on mortgage, business, and farm loans. Geocoding refers to the Metropolitan Statistical Area (MSA), State, County, Census Tract combination (address information) that must be provided for each reported loan. The system allows institutions to enter a street address, and it then determines the census tract. When an address is not found, the mapping feature enables the user to determine the property location based on known landmarks without resorting to a paper map. The system also provides Census demographic information about a particular census tract, including income, population, and housing data. Institutions use this information to assess whether they are meeting the credit needs of the communities in which they operate.