Aug1

HR Update

Join us for the annual HR Seminar where you will learn the latest on topical and pressing issues impacting your organizations. The year’s topics include how to prepare for the Opioid Impact and a fresh look at current hiring and DEI measures.
Aug6

Executives@Skamania

Our 2024 Annual Executive Event brings together executive-level credit union leaders for three days of valuable networking, high-level training and education, and fun recreational options.
Aug13

Advocacy 101: Day 1 (Option 1)

Join GoWest Credit Union Association this August for a free two-part virtual Advocacy Training workshop, where you’ll learn how the impact stories you create at your credit union and Advocacy go hand in hand.
Aug13

Advocacy 101: Day 1 (Option 2)

Join GoWest Credit Union Association this August for a free two-part virtual Advocacy Training workshop, where you’ll learn how the impact stories you create at your credit union and Advocacy go hand in hand.

Brittanie Bonanzino

AVP, Communications

Washington

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Alyse Knudsen

Manager, Communications

Oregon

Home » Advocacy On The Move »

CFPB Update: The FFIEC Publishes HMDA Dataset Snapshot and Resources

Posted by on July 11, 2024

Today, the Federal Financial Institutions Examination Council (FFIEC) published the Snapshot National Loan-Level Dataset which contains the National Home Mortgage Disclosure Act (HMDA) datasets as of May 1, 2024.

The snapshot highlights key findings and metrics pulled from the raw data published earlier this year. Credit unions should look at the snapshot and how they compare against the highlighted results:

  • The share of mortgages originated by non-depository, independent mortgage companies accounted for 68.8 percent of first lien, one- to four-family, site-built, owner-occupied home-purchase loans in 2023, up from 60.2 percent in 2022.
  • In terms of borrower race and ethnicity, the share of closed-end home purchase loans for first lien, one- to four-family, site-built, owner-occupied properties made to Black or African American borrowers rose slightly from 8.1 percent in 2022 to 8.2 percent in 2023. The share made to Hispanic-White borrowers increased from 9.1 percent to 9.9 percent, and the share made to Asian borrowers increased slightly from 7.6 percent to 7.7 percent.
  • In 2023, Black or African American and Hispanic-White applicants experienced denial rates for first lien, one- to four-family, site-built, owner-occupied conventional, closed-end home purchase loans of 16.6 percent and 12.0 percent respectively. Denial rates for Asian and non-Hispanic-White applicants were 9.0 percent and 5.8 percent respectively.

In addition to the snapshot datasets, the FFIEC published a variety of other interactive annual data products such as:

Aggregate and Disclosure Reports which provide summary information on individual institutions and geographies.

HMDA Data Browser which allows users to create custom tables, create interactive maps, and download datasets.

Modified Loan/Application Registers which provide loan-level data for individual institutions as modified to protect applicant and borrower privacy as well as the combined file for all filers.

If you have questions or inquiries regarding the snapshot or how your institution compares, please reach out to John Trull at [email protected] or Gracie Nelson at [email protected].

Posted in Advocacy on the Move, Regulatory Advocacy.