US DATA: Federal Financial Insts Examination Council releases 2011
Mortgage Lending Data – on transactions at 7,632 banks (-4% YOY due to
M&A and failures) covered by HMDA on applications, originations,
purchases & sales of loans, denials, etc by loan type, purpose, property
type, etc. There were 11.7m home loan applications (of which nearly 7.1m
resulted in loan originations) and 2.9m loan purchases, for a total of
nearly 14.7m actions. FFIEC says “2011 HMDA data reflect a continued
heavy reliance on loans backed by FHA insurance that began several years
ago with the onset of problems in the mortgage market. For home purchase
lending, the FHA’s share of first-lien loans showed a continued increase
from 7 percent in 2007 to 26 percent in 2008, and then to 37 and 36
percent, respectively, in 2009 and 2010. In 2011, the FHA share fell to
31 percent. First-lien lending for home purchases backed by Veterans
Administration (VA) guarantees also has increased in recent years.”
See http://www.ffiec.gov/