A growth in refinances aided drive a 26% escalation in mortgage loan originations in 2019

A growth in refinances aided drive a 26% escalation in mortgage loan originations in 2019

Based on the latest Home Mortgage Disclosure Act (HMDA) information released because of the Federal finance institutions Examination Council. Refinance loans jumped 78% throughout the 12 months, while home purchase loans increased by 4%.

Despite their market that is growing share African American and Hispanic white borrowers proceeded to have greater denial prices in 2019. Continuar lendo A growth in refinances aided drive a 26% escalation in mortgage loan originations in 2019