IDEAS home Printed from https://ideas.repec.org/a/fip/fedgrb/y2012iseptnv.98no.3.html
   My bibliography  Save this article

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

Author

Listed:

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.

Suggested Citation

  • Robert B. Avery & Neil Bhutta & Kenneth P. Brevoort & Glenn B. Canner, 2012. "The mortgage market in 2011: highlights from the data reported under the Home Mortgage Disclosure Act," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 98(Sept).
    • Handle: RePEc:fip:fedgrb:y:2012:i:sept:n:v.98no.3
    as

    Download full text from publisher

    File URL: http://www.federalreserve.gov/pubs/bulletin/2012/PDF/2011_HMDA.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kiana Basiri & Babak Mahmoudi, 2021. "Possible income misstatement on mortgage loan applications: Evidence from the Canadian housing market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(3), pages 917-935, September.
    2. Zhenyu Gao & Michael Sockin & Wei Xiong, 2019. "Economic Consequences of Housing Speculation," NBER Working Papers 26457, National Bureau of Economic Research, Inc.
    3. Tzioumis, Konstantinos, 2017. "Mortgage (mis)pricing: The case of co-borrowers," Journal of Urban Economics, Elsevier, vol. 99(C), pages 79-93.
    4. Dursun-de Neef, H. Özlem, 2023. "Bank specialization, mortgage lending and house prices," Journal of Banking & Finance, Elsevier, vol. 151(C).
    5. Hany Guirguis & Glenn R. Mueller & Joshua Harris & Andrew G. Mueller, 2017. "Did Increased Large Bank Concentration of US Mortgage Loan Originations Explain Rising Originator Profits?," International Real Estate Review, Global Social Science Institute, vol. 20(3), pages 325-348.
    6. Ryan Allen & Hiromi Ishizawa, 2015. "State-Level Political Context and Immigrant Homeownership in the USA," Journal of International Migration and Integration, Springer, vol. 16(4), pages 1081-1097, November.
    7. David S. Scharfstein & Adi Sunderam, 2013. "Concentration in Mortgage Lending, Refinancing Activity and Mortgage Rates," NBER Working Papers 19156, National Bureau of Economic Research, Inc.
    8. Atif Mian & Amir Sufi, 2017. "Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005," The Review of Financial Studies, Society for Financial Studies, vol. 30(6), pages 1832-1864.
    9. Rojas, Alejandro, 2021. "Mortgage credit growth for lower-income borrowers during the 2000s housing boom: Evidence and implications," Journal of Empirical Finance, Elsevier, vol. 62(C), pages 220-233.
    10. Christopher L. Foote & Lara Loewenstein & Paul S. Willen, 2018. "Technological Innovation in Mortgage Underwriting and the Growth in Credit: 1985-2015," Working Papers (Old Series) 1816, Federal Reserve Bank of Cleveland.
    11. Yang, Ling, 2022. "An information quality-based explanation for loan loss allowance inadequacy during the 2008 financial crisis," Journal of Accounting and Economics, Elsevier, vol. 73(1).

    More about this item

    Keywords

    Mortgages; Home Mortgage Disclosure Act;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedgrb:y:2012:i:sept:n:v.98no.3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ryan Wolfslayer ; Keisha Fournillier (email available below). General contact details of provider: https://edirc.repec.org/data/frbgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.