Last August we reported that we had downloaded 2019 HMDA and detailed queries were accessible to our clients via HMDA Analyzer. Recently, the CFPB provided a preliminary release of 2020 data, with information from smaller reporters coming a bit later in the year. Nevertheless, the new data is available on HMDA Analyzer and several insights can already be gained.
1. Total Origination loan count grew to its highest level since the runup to the Global Financial Crisis, driven by a surge in refinancings:
2. Nonbanks Rule – Covid 19 accelerated the long-term trend increase in nonbank lending share:
3. The held on book share collapsed, as banks preferred to hold mortgage risk in the form of MBS to avoid the potential for credit losses:
Much more can be found through with just a few clicks of the button.