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HMDA’s Fun Facts for Credit Unions
Here are some fun facts to know and tell about credit unions as the Credit Union National Association holds its annual Governmental Affairs Conference in Washington, DC: -California is the state with the most credit union mortgage lending, according to LendingPatterns™. So a list of CU home loans by Congressional district would be top heavy…
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Florida Shows High Proportion of Hispanic Borrowers And Non-Owner Occupied Units in 2015 HMDA Data
Florida is a state with a considerable Hispanic population and a reputation as a valued source for investor real estate interest. Home Mortgage Disclosure Act data from LendingPatterns™ tend to back both of those characteristics. Nearly $14 billion of nearly $100 billion in 2015 mortgage volume in the Sunshine State went to Hispanics, 14 percent…
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Jumbo Mortgages More Than Half California 2015 Volume As the Average for All Loans Tops the Conforming Limit
More than half of mortgage dollars originated in California in 2015 were for more than the then-$417,000 conforming loan limit, according to Home Mortgage Disclosure Act data analyzed through LendingPatterns™. So many dollars went to jumbos, in fact, that they brought the average mortgage made in California in 2015 to more than the conforming limit.…
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Rural Mortgages Differ from Urban and Suburban Ones
I have always been interested in rural housing and mortgages, and LendingPatterns™ has a lot of good information on this small niche of the lending business. There is a category here for “FSA/RHS” which is a combination of two US Department of Agriculture lending programs—the Rural Housing Service and the Farm Services Agency. And you…