2019 HMDA data indicates top 25 open-end lenders account for more than 50% of loan originations


In its analysis of 2019 HMDA data, the CFPB last week reported that the top 25 open-end lenders accounted for about 573,000 open-end originations, or 53.6% of all open-end originations.

HMDA data is used by the CFPB to help determine whether financial institutions are serving the housing needs of their local communities; facilitating public entities’ distribution of funds to local communities to attract private investment and help identify possible discriminatory lending patterns.

The CFPB also found that:

  • conventional jumbo loans have the highest mean and median credit scores among closed-end mortgages, with a mean score of 765 and a median of 773;
  • FHA borrowers have the lowest mean and median scores among closed-end mortgages, with a mean score of 668 and a median of 663; and
  • among Black and Hispanic White homebuyers seeking conventional conforming loans, the median combined loan-to-value and debt-to-income ratios are higher than their Asian and non-Hispanic White counterparts.

The CFPB analysis is the second of two reports this year, the first of which can be accessed here.

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