Click here to download the HMDA Report from the MBA Conference Presentation

pdf file ~440kb

HMDA Databases by Wholesale Access

  • Using data collected by the FFIEC in compliance with The Home Mortgage Disclosure Act (HMDA), Wholesale Access does the following types of analysis of the U.S. mortgage market and industry:
  • Determines firm’s market share by state, city, MSA, county, or even census track.
  • Estimates the size of the market in each geographic area.
  • Deduce average loan sizes.
  • The data may be cut by eleven different loan types, purpose of loan, type of purchaser and by borrower’s race.
  • Comparisons among firms are possible.
  • The HMDA database includes almost every residential first mortgage loan originated in the U.S. by location of the property securing the loan.
  • Each year Wholesale Access cleans up the HMDA database by eliminating data entry errors and reducing all the various names lenders operate under to a single name for each lender. (Some lenders are listed under more than 30 different names.)
  • When comparing this database with others, we find it to be quite accurate and reliable for estimating information about first lien mortgages.
    Second liens are easier to identify than in the past. In addition, many subprime first and second liens can now be identified.

Sample report from 2005 HMDA files:

ONE-T0-FOUR FAMILY MORTGAGE LOANS ORIGINATED AND PURCHASED

LOANS ORIGINATED
LOANS ORIGINATED LOANS PURCHASED PLUS PURCHASED
COMPANY NAME DOLLARS NUMBER DOLLARS NUMBER DOLLARS NUMBER
1 COUNTRYWIDE 222,790,049 1,017,231 231,192,685 1,075,733 453,982,734 2,092,964
2 WELLS FARGO 200,268,162 925,560 75,813,058 417,269 276,081,220 1,342,829
3 WAMU 146,683,340 575,074 105,352,651 557,396 252,035,991 1,132,470
4 BANK OF AMERICA 86,311,472 424,054 50,029,828 140,213 136,341,300 564,267
5 CHASE 80,122,965 414,593 23,530,216 147,577 103,653,181 562,170
6 NATIONAL CITY 73,763,070 432,782 1,527,767 6,857 75,290,837 439,639
7 ARGENT 73,303,661 425,298 0 0 73,303,661 425,298
8 GMAC / RFC 61,547,685 357,021 117,396,582 679,064 178,944,267 1,036,085
9 CITIGROUP 50,904,960 300,616 67,659,911 439,936 118,564,871 740,552
10 NEW CENTURY 50,714,305 267,896 8,287,523 43,575 59,001,828 311,471
TOTAL - TOP 10 FIRMS 1,046,409,669 5,140,125 680,790,221 3,507,620 1,727,199,890 8,647,745
TOTAL FOR USA 2,805,016,050 15,463,114 1,119,934,436 5,841,191 3,924,950,486 21,304,305
PERCENT TOP 10 FIRMS 37.3 33.2 60.8 60.0 44.0 40.6
             

To purchase the HMDA Databases or for more information contact:
Larry Pearl: (301) 526-9410 • lpearl@wholesaleaccess.com
David Olson: (410) 772-1161 • dolson@wholesaleaccess.com

Back to Mortgage Data Page
 

6140 Jerrys Drive / Columbia, MD / 21044 410.772.1161 / FAX 410.772.1178
All material ©2006, Wholesale Access Mortgage Research & Consulting, Inc.