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2016 HMDA Shows One Million Jump in Mortgages
The 2016 Home Mortgage Disclosure Act data is out! Analyses of it from LendingPatterns™ will be available shortly, but in the meantime I am going to look at the Fed analysis that has just been released on last year’s lending. The Fed report shows 2016 lending volume to be up 13 percent from 2015, to…
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California Is Number One, but Who Is Number Two?
The top state for mortgages last year, this year and every year, is California. But which is the nation’s second state for home loans? Is it Florida, Texas, New York, Illinois? Early look Home Mortgage Disclosure Act (HMDA) reporters show that as of Sept. 25, it was Florida. We’ll see if that holds up when…
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Nearly Half a Million HMDA Mortgages in California
As the fall gets underway I am looking forward to the release of the full 2016 Home Mortgage Data Act (HMDA) report by the Federal Financial Institutions Examination Council. In the meantime, let’s see what Early Look filers will tell us about the biggest mortgage state, California. As of Sept. 18, early look lenders who…
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Fair Lending Myths – Mortgage Compliance Magazine
Read the latest Fair Lending Guide by Michael Taliefero in this month’s Mortgage Compliance Magazine. Click here to read the full article.
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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…
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Two thirds of FHA mortgages are finding their way into Ginnie Mae MBS
It isn’t true that all Federal Housing Administration mortgages are being pooled into Government National Mortgage Association mortgage-backed securities, an early look at 2016 HMDA numbers show. Well, it’s almost true. Early reporters of 2016 Home Mortgage Disclosure Act data to ComplianceTech show two FHA loans bought by Fannie Mae and 37 by Freddie Mac.…
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Private Label Securities Still Not Robust in 2016
The private label securitization market still hasn’t come back to full life, based on the evidence of an early look at 2016 Home Mortgage Disclosure Act data. LendingPatterns™ Early Look data, which contain more than a third of 2015’s HMDA volume, show that private securitization investors bought just 3,273 loans last year. (The numbers are…
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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…