-
94 Percent of HMDA Lenders Made Mortgages to Women in 2015
Nearly all the lenders that made mortgages last year made mortgages to women. Of the 6,880 firms that reported Home Mortgage Disclosure Act originations data to the Federal Financial Institutions Examinations Council in 2015, 6,498 granted mortgage dollars to women. That’s 94 percent. A look at the LendingPatterns™ database of ComplianceTech, a fair lending and…
-
FDIC Lenders Made $181 Billion in Mortgages in 2015
Lenders insured by the Federal Deposit Insurance Corp. saw their originations volume bump up to $181 billion in 2015 from $140 billion in 2014, HMDA data show. Almost 2,500 lenders (2,476) are counted in the FDIC category in LendingPatterns™. However, this doesn’t include all lenders insured by FDIC. The “CFPB Lenders” category includes mortgages made…
-
Patterns in FHA Lending: Non-banks Increase Domination as Share Jumps
The rise to dominance in Federal Housing Administration lending by non-banks continued in 2015, as just two banks made the top 20 ranking, Home Mortgage Disclosure Act data show. For 2014, there were four banks in the top 20, but Bank of America and JPMorgan Chase Bank fell out last year, leaving just Wells Fargo…
-
Credit Union Mortgage Volume Jumps by 34 Percent
Credit unions had a robust year in mortgages last year, with dollar volumes increasing by 34 percent from $83 billion in 2014 to $111 billion. (This total excludes purchased loans.) That was in line with the 32 percent increase in nationwide originations last year from $1.4 trillion in 2014 to $1.85 trillion. About 2,000 credit…
-
Minority Originations Ticked Up in 2015
Percentages of mortgages to minorities ticked up in both numbers of loans and dollars granted in 2015 over 2014, Home Mortgage Disclosure Act data show. An analysis of minority volumes in LendingPatterns™ finds that minorities topped 20 percent (20.4 percent of mortgages made) in 2015, a high for recent years. Dollars granted were slightly lower,…
-
Credit Union Times produced an infographic utilizing 2015 HMDA data pulled from LendingPatterns.com
Credit Union Times produced an infographic utilizing 2015 HMDA data pulled from LendingPatterns.com. Click here to visit Credit Union Times or Download the Infographic
-
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…
-
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…
-
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.…