HMDA Mortgage Originations Topped $2 Trillion in 2012 as Heavy Refinance Activity Combined With Purchase Market
September 19, 2013
Mortgage lenders reported originating $2.01 trillion in home-purchase and refinance mortgages during 2012, a 43.7 percent increase from the prior year, according to a new Inside Mortgage Finance analysis of Home Mortgage Disclosure Act data released this week. Because HMDA data typically capture a relatively small share of home-equity originations and some small lenders dont report at all, the total originations number for last year was somewhat higher. Interestingly, the origination volume grew...[Includes one data chart]