-
Jumbo Mortgages Play Larger Role at U.S. Banks – Wall Street Journal July 4, 2016
The jumbo mortgage business keeps getting bigger for banks. These high-dollar home loans rose to 24% of mortgage approvals at six of the largest U.S. banks in 2015 from 21% the year before, according to an analysis of federal home-loan data. These mortgages to the affluent, typically worth more than $417,000, have become increasingly popular…
-
Getting a Sneak Peek at the 2015 HMDA Numbers
It is now possible to get a four month jump on seeing what is in the 2015 Home Mortgage Disclosure Act data. That’s because 175 lenders who generated more than 40 percent of last year’s application numbers, have reported their numbers early, with the results now collected in LendingPatterns™. It can be accessed at “Early…
-
More Than 6,000 Lenders Made Mortgages to Women in 2014
I went looking in LendingPatterns™ to see how many women-owned banks and thrifts there were in 2014 and came up with—none. But there are more than 6,000 lenders that made loans to women in that year. Women (either alone, as primary applicant, or two women together) applied for more than half a trillion dollars’ worth…
-
FDIC Category Took in One Million Apps, Made $141 Billion in Loans
HMDA’s “FDIC lenders” category is huge, with more than 2,500 mortgage lenders that took more than one million home loan applications in 2014 and ended up originating 700,000 of them, a look through LendingPatterns™ shows. While big, the FDIC category doesn’t actually include all FDIC-insured lenders. Any mortgage lender with more than $10 billion in…
-
Some Surprises in HMDA Lending to Minorities
In an earlier blog I looked at Home Mortgage Disclosure Act volume by minority-owned institutions in 2014. For this one I have tapped LendingPatterns™ to analyze mortgages made to minorities in that year, and a couple of surprising things emerge. The one that caught my eye the most was the fact that more than half…
-
Read the Latest Issue of Mortgage Compliance Magazine
Click the link (or copy and paste) to read the latest issue of Mortgage Compliance Magazine online here: http://www.mortgagecompliancemagazine.com/
-
Some Surprises in Lending in the New York MSA
The New York City metropolitan statistical area is the biggest MSA in the country, with more than 20 million people residing there as of July 1, 2015, according to the Census Bureau. What does lending look like in this enormous MSA, as illuminated by 2014 Home Mortgage Disclosure Act data? It is very easy to…
-
Biggest Financial Institutions Remain Picky on Mortgages
The country’s largest mortgage lenders are a picky bunch, their Home Mortgage Disclosure Act data for 2014 show. It is easy to find the biggest lenders in the LendingPatterns™ database. The Consumer Financial Protection Bureau wants to keep a close eye on the big boys (and I do mean boys, as a search for women-owned…
-
Lending by Minority-Owned Institutions Not Exactly What You’d Expect
Minority-owned institutions might be expected to show different lending patterns than majority-owned ones. And they do. But some of them are patterns you might not expect. They do lend a lot (more than a third of their volume) to minorities. But they vary considerably from Census Bureau reckoning of minority percentages. And they make a…
-
No Rest for Weary HMDA Filers
As the March 1 deadline for filing Home Mortgage Disclosure Act looms and lenders work overtime to meet it, there are some HMDA filers that aren’t getting an Excedrin headache over the huge annual data roundup. That’s because while the biggest upcoming changes to HMDA don’t go online until 2018, there’s one that’s live this…