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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...
HMDA Race, Ethnicity Categories Not Set in Stone
Race and ethnicity data are one of the hallmarks of HMDA reporting. But the categories are by no means set in stone. The last major changes came for the 2000 Census, with all government agencies having to implement them by 2003. It is interesting both to wonder when...
Early Responders Report $750 Billion in 2015 Mortgages
There’s just time for another quick peak at the "early look" HMDA responders in advance of the official 2015 release. It will be interesting to see how this sample compares to the full universe of HMDA responders! The early look isn’t comprehensive, but it is quite...
LP Good for Looking at Small Niches As Well As Large Ones
In my last blog I looked for a trend for 2015 early HMDA responders for one of the biggest cohorts in the mortgage industry—FHA lenders. But LendingPatterns™ also yields lots of data for much smaller niches. For instance I’ve been following mortgage lending to Native...
Patterns in FHA Lending: Banks Lessening Share?
Recent news reports say that commercial banks are lessening their share of Federal Housing Administration loans. What can LendingPatterns™ tell us about this potential trend? Taking a look at the Early Look for 2015 data, six of the top 20 FHA lenders are banks,...
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...
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)...
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...
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...
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...
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...
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...
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...
The Credit Union Mortgage Universe Is Wide
The credit union mortgage universe is a wide one, with originators spanning the gamut from some of the biggest originators in the country down to thousands too small to be counted. The biggest CU mortgage lender in 2014, Navy Federal, made $8.3 billion in loans,...
A Way to Navigate Community Reinvestment
I’ve been intrigued by the Home Mortgage Disclosure Act ever since the Atlanta Journal-Constitution won a Pulitzer Prize by using its data to demonstrate a pervasive lack of lending in some of Atlanta’s inner city zipcodes. I’ve always had a big interest in community...