ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Economy

Agencies release HMDA data for 2021

June 16, 2022
Reading Time: 1 min read
A Hand Up with a Down Payment

The Federal Financial Institutions Examination Council today released the 2021 Home Mortgage Disclosure Act data on mortgage lending transactions at 4,338 financial institutions. The data encompasses 23.3 million mortgage applications. Of these, 21.1 million were closed-end loans and 1.8 million were open-end loans such as home equity lines of credit. There were also 350,000 records that did not indicate loan type.

The total number of originated closed-end loans increased by about 528,000 between 2020 and 2021. Refinance originations decreased by 1.4% from 8.5 million, and home purchase lending increased by 9.2% from 4.8 million. The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in 2020.

Closed-end, first-lien loans to Black borrowers rose from 7.3% in 2020 to 7.9% in 2021. Loans to Hispanic-White borrowers increased slightly from 9.1% to 9.2%, and those made to Asian borrowers increased from 5.5% to 7.1%. Denial rates have edged down slightly. In 2021, Black and Hispanic-White applicants experienced denial rates of 15.7% and 9.8%, respectively, compared to 17.2% and 11.2% in 2020. Denial rates for Asian and non-Hispanic-White applicants were 7.5% and 5.6%, respectively, compared with 9.1% and 6.1% in 2020.

The Federal Housing Administration-insured share of loans decreased slightly from 19.4% in 2020 to 17.2% in 2021. The overall government-backed share of loans, including FHA, VA, Rural Housing Service and Farm Service Agency loans, was 29.3% in 2021, down from 32.8% in 2020.The FHA-insured share of closed-end refinance mortgages increased to 6.9% in 2021 from 6.2% in 2020, while the VA-guaranteed share of such refinance loans decreased from 11.9% in 2020 to 10.2% in 2021.

ADVERTISEMENT
Tags: Affordable housingHMDAHome loanHomeownershipRefinances
ShareTweetPin

Related Posts

#PracticeSafeChecks campaign wins two Telly Awards

#PracticeSafeChecks campaign wins two Telly Awards

Compliance and Risk
May 21, 2025

An ABA public education campaign warning consumers about the risks of check fraud has received two awards for video and television excellence.

ABA, associations urge Congress to overturn CFPB credit card late fees rule

Proposed amendment would add credit card rate cap to Senate stablecoin bill

Newsbytes
May 21, 2025

A proposed amendment would add language capping credit card interest rates at 10% to the GENIUS Act, an unrelated bill establishing a regulatory framework for payment stablecoins.

Bank, credit union groups unite against Welch-Gooden bill

ABA, associations urge senators to reject adding credit card routing mandates to stablecoin bill

Newsbytes
May 21, 2025

ABA joined state and national associations in voicing strong opposition to adding credit card routing mandates to an unrelated bill on stablecoins.

ABA urges ‘same risk, same regulation’ for digital assets

Proposed amendment would add Credit Card Competition Act to Senate stablecoin bill

Newsbytes
May 20, 2025

Sen. Roger Marshall (R-Kan.) has filed an amendment to add credit card network routing mandates to an unrelated bill establishing a regulatory framework for payment stablecoins.

FDIC withdraws proposed rules on brokered deposits, corporate governance, executive pay

FDIC rescinds 2024 bank merger policy

Newsbytes
May 20, 2025

The FDIC board unanimously voted to rescind a 2024 statement on bank mergers that expanded the factors taken under consideration when the agency reviews merger applications.

FDIC says banks need to correctly report uninsured deposits

FDIC provides update on Deposit Insurance Fund restoration

Compliance and Risk
May 20, 2025

DIF reserve ratio remains on track to reach the statutory minimum of 1.35% by year's end. Also, FDIC will explore changing how it calculates the DIF's exposure to losses.

NEWSBYTES

#PracticeSafeChecks campaign wins two Telly Awards

May 21, 2025

Proposed amendment would add credit card rate cap to Senate stablecoin bill

May 21, 2025

ABA, associations urge senators to reject adding credit card routing mandates to stablecoin bill

May 21, 2025

SPONSORED CONTENT

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025
AI for Banks: A Starter Guide for Community and Regional Institutions

AI for Banks: A Starter Guide for Community and Regional Institutions

March 1, 2025

PODCASTS

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025

How a Georgia community bank supports government-guaranteed lending nationwide

May 1, 2025

Podcast: Quantum computing’s shakeup in payments, cybersecurity

April 24, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.