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Rural America Gets Mortgages, Too
With LendingPatterns™ you can measure the volume of mortgages done in all of the country’s metropolitan statistical areas. But what if the rural parts of the country interest you as much as the urban parts? There is a good bit of information I’ve been able to glean from the database on rural lending. You can…
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Early Reporters Made One in Five Mortgages to Minorities
Early Look HMDA responders have reported making 21 percent of their 2016 mortgages to minorities. Of lenders who have pre-reported their HMDA data to ComplianceTech as of Aug. 17, 558,000 of 2.7 million originations have gone to minorities, according to an analysis done through LendingPatterns™. Total finance for those mortgage loans comes to $151 billion…
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Four of five VA mortgages going into Ginnie Mae MBS
Nearly four out of five Department of Veterans Affairs mortgages originated in 2016 by early HMDA reporters are finding their way into Ginnie Mae securities, LendingPatterns™ data show. That’s an even higher percentage than Federal Housing Administration loans going into Ginnie Maes. I reported in my last blog that two of three FHA loans by…