MBA Charts of the Week: 2015 HMDA Respondents
For calendar year 2015, 6,913 institutions reported lending activity under the Home Mortgage Disclosure Act.
Large Banks are defined as depository institutions with $10 billion or more in assets and Community Banks are defined as depository institutions with less than $10 billion in assets.
Large Banks have seen both a drop in the number of companies and in purchase market share. Community Banks saw a decrease in number of companies reporting, but an increase in purchase share. The number of Independent Mortgage Banks (non-depository) increased both in terms of number of companies and purchase market share (which has grown substantially, increasing from 24.7 percent of purchase originations in 2008 to 45.2 percent in 2015). The number of credit unions reporting mortgage activity under HMDA declined slightly over time and but saw modest gains in purchase share.
Volume charts are based on retail/broker first lien-only originations for home purchase of 1-4 unit homes, including manufactured homes. These criteria may result in differences from statistics reported elsewhere. For example, the HMDA bulletin claims that IMBs are 50 percent of home purchase volume, but they constrain their sample to loans on properties that are “owner occupied, site built” whereas MBA does not.
To view both Charts of the Week, click https://www.mba.org/news-research-and-resources/forecasts-data-and-reports/forecasts-and-commentary/chart-of-the-week.
(Brennan Zubrick is senior financial reporting and data management analyst with MBA; he can be reached at bzubrick@mba.org.Lynn Fisher is vice president of research and economics with MBA; she can be reached at lfisher@mba.org. Joel Kan associate vice president of economic forecasting with MBA; he can be reached at jkan@mba.org.)
