On September 28, 2017, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of 2016 mortgage lending data submitted in compliance with the Home Mortgage Disclosure Act (HMDA). This database of mortgage activity is 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 2016 HMDA release includes applications and preapproval requests from 6,756 reporting institutions, which is a decline in institutions of 2.2 percent from 2015. The database covers 14.1 million mortgage application and preapproval actions of which 8.4 million were originated home loans, representing an increase in originations of 13.1 percent from 2015.
In the infographic, below, we share some highlights from the 2016 release of HMDA data regarding general mortgage activity trends and patterns related Fair Lending, Redlining, and HMDA reporting.