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2015 HMDA Originations: A Big Jump to $1.85 Trillion
The 2015 Home Mortgage Disclosure Act numbers are now available in LendingPatterns™ and they show a healthy originations volume of $1.85 trillion for the year through 7.4 million loans. That’s up sharply from 2014’s $1.4 trillion in originations through six million mortgages. The purchase mortgage/refinancing split, which was an unusual dead even at 48 percent…
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Fed Gives Outline of 2015 HMDA Data
LendingPatterns™ will very shortly have the 2015 Home Mortgage Disclosure Act data in place. But for now, the Federal Reserve has released a broad-brush analysis of the database. The article, by Neil Bhutta and Daniel R. Ringo of the Fed’s Division of Research and Statistics, reveals that 2015 HMDA statistics show a big jump in…
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Los Angeles, New York MSAs Had Most Mortgages in 2014
An interesting way to look at the topic of expensive housing markets is to look for data in LendingPatterns™ on the areas with the most lending. If the largest MSAs by population aren’t matching the top MSAs by numbers of loans, this might be an indication they are getting too pricey for some to afford.…
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HMDA Race, Ethnicity Categories Not Set in Stone
Race and ethnicity data are one of the hallmarks of HMDA reporting. But the categories are by no means set in stone. The last major changes came for the 2000 Census, with all government agencies having to implement them by 2003. It is interesting both to wonder when the next revisions might come and to…
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ComplianceTech Announces a Major Update to its Industry Leading Web-based Tool for Mortgage Lending Intelligence and Fair Lending/CRA Compliance
ComplianceTech, McLean, VA, announced today a major update to its industry leading web-based tool for mortgage lending intelligence and fair lending/CRA compliance. This new update helps lenders, regulators, researchers, and community-based housing organizations to identify communities with limited access to credit. The system compares a lender’s market share in majority-minority versus majority white census tracts.…
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Early Responders Report $750 Billion in 2015 Mortgages
There’s just time for another quick peak at the “early look” HMDA responders in advance of the official 2015 release. It will be interesting to see how this sample compares to the full universe of HMDA responders! The early look isn’t comprehensive, but it is quite sizable: applications for nearly six million mortgages for $1.4…
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An Industry Moving Toward a More Intelligent Design: National Mortgage News 40th Anniversary
National Mortgage News is celebrating 40 Years. Please use the link to see the article that utilizes data from www.LendingPatterns.com. https://www.nationalmortgagenews.com/news/nonbank-lenders-market-share-is-at-a-two-decade-high-heres-why
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First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only? – WSJ- Mention of LendingPatterns (August 17, 2016)
LendingPatterns.com is mentioned in the Wall Street Journal today. Click on the link to read the article: First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only?
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LP Good for Looking at Small Niches As Well As Large Ones
In my last blog I looked for a trend for 2015 early HMDA responders for one of the biggest cohorts in the mortgage industry—FHA lenders. But LendingPatterns™ also yields lots of data for much smaller niches. For instance I’ve been following mortgage lending to Native Americans for years, as part of my Community Reinvestment Act…
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Patterns in FHA Lending: Banks Lessening Share?
Recent news reports say that commercial banks are lessening their share of Federal Housing Administration loans. What can LendingPatterns™ tell us about this potential trend? Taking a look at the Early Look for 2015 data, six of the top 20 FHA lenders are banks, although several more are mortgage banks affiliated with banks. By comparison,…