Tag Archives: Home Mortgage Disclosure Act (HMDA)

In its annual report on residential mortgage lending activity and trends, the Bureau found that mortgage lending fell in 2022 amid a significant rise in interest rates and discount points.

The share of mortgages originated by non-depository, independent mortgage companies decreased in 2022—but still accounted for 60.2% of first-lien, one- to four-family, site-built, owner-occupied home-purchase loans (down from 63.9% in 2021).

As interest rates remain high, a new study from Zillow has found that 15% more borrowers purchased mortgage points in 2022 than 2021, and continue to do so as interest rates hover around 6%.

The Bureau’s new rule will provide data on small business lending to give investors and lenders more insight into identifying opportunities that support economic growth.

While a multitude of downpayment assistance options are available to buyers, most are not aware these options exist, as Rob Chrane of Down Payment Resource explains how proper education can bring these programs to the forefront as a viable option to today’s home buyers.

With a segment of home buyers still on the outside looking in, Richard Ferguson of CBC Mortgage Agency discusses downpayment assistance programs, and how this option can benefit buyers in today’s market.

A recent analysis of HMDA data found that 33% of declined mortgage applications could have been made eligible with the assistance of downpayment assistance programs.

By issuing a new RFI, the CFPB looks to strengthen its ability to maintain parity in the mortgage marketplace.

An analysis of HMDA data by the CFPB has found that closed-end originations increased in 2020 by 65.2%, with much of that spike due attributed to the refinance boom.

Proposed rules set forth by the FHFA target housing obstacles faced by low-income and rural areas, minority communities, and other underserved populations.