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Agency Volume for 2016 Is 48 Percent in Early Going
Agency and non-agency/not sold mortgages were neck and neck in early HMDA reporting. The three main agencies had a little more than 48 percent of early reporter volumes in the 2016 Early Look reports on LendingPatterns™. Non-agency investors and held-in-portfolio share came to a little more than 51 percent. (Percentages refer to mortgage dollars, and…
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What’s the point of fair lending monitoring?
ComplianceTech Managing Director, Michael Taliefero, writes an article in this months Mortgage Compliance Magazine entitled, “What’s the point of fair lending monitoring?”: http://www.mcmag-digital.com/mcmag/june_2017?pg=44#pg44
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Early HMDA Reporters Like Jumbos, Refis
It’s here! The Early Look report gives HMDA heads like me a chance to preview 2016 Home Mortgage Disclosure Act data in advance of the official fall release. What happens is, ComplianceTech asks firms that have filed their HMDA reports for 2016 to share them in advance. To date, more than 125 lenders have, and…
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A Tale of Two Mortgage Cities, New York and Los Angeles
Whites received less than half the mortgages originated in the nation’s two most populous cities in 2015. According to data in LendingPatterns™, whites received about 46 percent of mortgages in New York City, the nation’s largest, and 49 percent in runner up Los Angeles that year. On the dollar side, whites received just 37 percent…