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CoreLogic Provides Early Estimate of HMDA Origination Data
Friday, September 11, 2015
Data collected from lenders under the
mandate of the Home Mortgage Disclosure Act (HMDA) is due to be released later
this month but CoreLogic is advancing its own estimate of the headline data,
the number and volume of first lien mortgages originated for purchase and
refinance in 2014. The company's own
numbers were released in an article by CoreLogic senior economist Molly Boesel
on the company's blog.
Passed originally in 1975, HMDA
requires many financial institutions to maintain, report, and publicly disclose
information on such mortgage metrics as mortgage denial rates, borrower and
applicant information, and mortgage pricing in addition to origination numbers.
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