On September 22, 2015, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of 2014 mortgage lending data submitted in compliance with the Home Mortgage Disclosure Act (HMDA). These data are relied upon by regulators, examiners, academics, industry leaders, and members of the general public to analyze the performance of mortgage lenders with regard to compliance with Fair Lending and Community Reinvestment Act (CRA) regulations.

The 2014 HMDA release includes applications, purchases and preapproval requests from 7,062 reporting institutions, which is a decline in institutions of 1.8 percent from 2013. The data set covers 11.7 million actions of which 6.0 million were originated home loans. This represents a decrease in originations of 31 percent from 2013 due to a 55 percent drop in home refinance loans.

ADI has added this latest HMDA release to our  proprietary data warehouse, ADI Data Connect℠. Over the next few weeks, we will share insights and action items for mortgage lenders based on our thorough analysis of the 2014 data as they relate to compliance with HMDA, Fair Lending and CRA.