Author: Matt Piven

  • 8 Key HMDA, Fair Lending, & CRA Developments in 2022

    —

    by

    Matt Piven
    in

    Let’s recap what has happened in 2022 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. In 2022, the FFIEC released new census tract boundaries, labels, and demographics for use in the analysis of 2022 lending data.…

  • 2022 Year-in-Review of HMDA, Fair Lending, and CRA Developments

    —

    by

    Matt Piven
    in

    Let’s recap what has happened in 2022 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. In 2022, the FFIEC released new census tract boundaries, labels, and demographics for use in analysis of 2022 lending data. Relative…

  • Brief Summary of 2021 Modified HMDA LARs

    —

    by

    Matt Piven
    in

    HMDA Data Summary The total number of rows in the 2021 Modified LARs (25.96 million) and the number of originated transactions (14.89 million), while very high by historical standards, are both around two percentage points higher than the 2020 Snapshot data. What is a more intriguing trend is the apparent consolidation in the mortgage industry.…

  • 2021 Year-in-Review of HMDA, Fair Lending, and CRA Developments

    —

    by

    Matt Piven
    in ,

    As we ring in the new year, it is helpful to recap what has happened in 2021 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. HMDA Filing Instruction Guide (FIG) updates The most recent revision to…

  • Loan volume growth, interest rate cuts, and third-party lending

    —

    by

    Matt Piven
    in ,

    In my previous blog, I wrote about the drivers of Fannie Mae’s increased purchasing activity. This blog will explore the extent to which that growth was driven by declining interest rates. I want to show a chart that distinguishes transactions based on whether the HMDA-reporting institution is doing business with a third party, but first…

  • Digging into growth trends in the 2020 HMDA Modified LAR data

    —

    by

    Matt Piven
    in ,

    The American public has known for some time that 2020 was a year of dramatically increased mortgage lending activity. The Mortgage Bankers Association published its own survey and forecast data, and the GSEs reported on their increased levels of mortgage loan purchasing. Now that the CFPB has released its “modified” HMDA LAR data on March…

  • 2020 Year-in-Review HMDA, Fair Lending, and CRA Developments

    —

    by

    Matt Piven
    in

    As we ring in the new year, it is helpful to recap what has happened in 2020 on three different fronts: HMDA, fair lending, and CRA. I count eight important developments. These are listed in no particular order below: 1. Modifications to the 2020 and 2021 HMDA Filing Instruction Guides (FIGs) The 2020 FIG was…