Briefs

EAGAN, Minn.--(BUSINESS WIRE)--AllRegs, the leading online publisher for the mortgage lending industry, is proud to announce the availability of the new 2006 HMDA Data in LendingPatterns(tm). LendingPatterns(tm) is a revolutionary web-based HMDA data mining and exploration tool that analyzes millions of records for thousands of lenders. Developed by CLC Compliance Technologies, Inc. and exclusively distributed by AllRegs, the tool produces executive level reports on numerous aspects of mortgage lending in America.

Analyzing HMDA Data With LendingPatterns(tm)

Data derived from the national Home Mortgage Disclosure Act (HMDA), Loan Application Register (LAR) for 2004, 2005 and now 2006, is comprised of almost 37,000,000 records filed by more than 8,800 lenders in the United States. This raw data by itself has no intelligence and cannot be applied directly to solve mortgage lending business issues. LendingPatterns(tm) anticipates the kind of information that the industry is likely to desire (size of market, ranking of competitors, approval rates, denial rates, low/moderate income lending, high-cost lending, etc) and is the only fully accessible national HMDA database on the Internet.

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