The Federal Financial Institutions Examination Council (FFIEC) recently announced the public availability of Home Mortgage Disclosure Act data for 2021.  The CFPB also released a summary of the data.  The data include information on 23.8 million home loan applications, with 21.1 million being identified as closed-end loan applications.  A total of 15 million applications resulted in loan originations. 

Among other items, the data reflect the following:

  • The share of first lien, owner-occupied, site built home purchase loans that were insured by the Federal Housing Administration decreased from 19.4 percent in 2020 to 17.2 percent in 2021.

In March 2022 the FFIEC released modified 2021 Loan/Application Registers for each HMDA reporting institution. In its press release regarding the data, the CFPB notes that “HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Therefore, when regulators conduct fair lending examinations, they analyze additional information before reaching a determination about an institution’s compliance with fair lending laws.”