The mortgage market in 2011: highlights from the data reported under the Home Mortgage Disclosure Act

RePEc Short ID: pbr315
ORCID iD: 0000-0002-4001-8358

Avery, Robert B.; Bhutta, Neil; Brevoort, Kenneth P.; Canner, Glenn B.

Journal Article

The mortgage market in 2011: highlights from the data reported under the Home Mortgage Disclosure Act

Abstract: This article presents a number of key findings from a review of the data that mortgage lending institutions reported for 2011 under the Home Mortgage Disclosure Act (HMDA). The article documents home-lending activity reflected in the HMDA data and places the 2011 activity in historical context. It also examines changes in mortgage market concentration in recent years and in the credit scores of recent homebuyers. In addition, the article reviews patterns of lending across different racial or ethnic and income groups and across areas that differ in terms of housing market distress. Finally, it discusses how census updates may affect evaluations of the performance of banking institutions under the Community Reinvestment Act.

Keywords: Mortgages; Home Mortgage Disclosure Act;