What the 2019 HMDA Data Tells us About Credit Decisioning

All lenders can recite the 5 C’s of credit backward and forward as easily as reciting the ABCs.  However, not as easy is determining the risk of loss and deciding whether to accept or not to accept the risk.  Lenders must objectively weigh the importance and evaluate...

Data Integrity in 2019 Modified HMDA LARs

Two months ago, I wrote about data quality issues that I had seen in the 2018 public HMDA dataset. It turns out that HMDA data quality issues persist in 2019. LendingPatterns™ quickly revealed income reporting issues in the LAR.  As an example, for one lender, the...

2019 Refinancing Uptick by the Numbers

The 2019 uptick in refinancings has been well-documented in the media and by mortgage trade organizations. LendingPatterns™ can slice and dice the HMDA data to shed additional light on this increase. In brief, at a high level, I am seeing a 90.2% increase in the...

Mortgage Loans: To Sell or Not to Sell

We decided to take a look at lenders that have the option to sell loans as well as portfolio to see what we can learn about their decisioning and selection process.  Happily, we have access to LendingPatterns™. The robust peer selection tool allowed us to create a...