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CFPB Lenders Made One Third of 2015 Mortgages
It is not hard to isolate most of the nation’s biggest mortgage lenders in LendingPatterns™. The Consumer Financial Protection Board has reserved the category of lenders with $10 billion in assets and above for itself, and there are a lot of familiar names there. The list doesn’t exactly duplicate the top lenders in the country,…
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94 Percent of HMDA Lenders Made Mortgages to Women in 2015
Nearly all the lenders that made mortgages last year made mortgages to women. Of the 6,880 firms that reported Home Mortgage Disclosure Act originations data to the Federal Financial Institutions Examinations Council in 2015, 6,498 granted mortgage dollars to women. That’s 94 percent. A look at the LendingPatterns™ database of ComplianceTech, a fair lending and…
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FDIC Lenders Made $181 Billion in Mortgages in 2015
Lenders insured by the Federal Deposit Insurance Corp. saw their originations volume bump up to $181 billion in 2015 from $140 billion in 2014, HMDA data show. Almost 2,500 lenders (2,476) are counted in the FDIC category in LendingPatterns™. However, this doesn’t include all lenders insured by FDIC. The “CFPB Lenders” category includes mortgages made…
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Patterns in FHA Lending: Non-banks Increase Domination as Share Jumps
The rise to dominance in Federal Housing Administration lending by non-banks continued in 2015, as just two banks made the top 20 ranking, Home Mortgage Disclosure Act data show. For 2014, there were four banks in the top 20, but Bank of America and JPMorgan Chase Bank fell out last year, leaving just Wells Fargo…
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Credit Union Mortgage Volume Jumps by 34 Percent
Credit unions had a robust year in mortgages last year, with dollar volumes increasing by 34 percent from $83 billion in 2014 to $111 billion. (This total excludes purchased loans.) That was in line with the 32 percent increase in nationwide originations last year from $1.4 trillion in 2014 to $1.85 trillion. About 2,000 credit…