In 2023, United Wholesale Mortgage had the most mortgage loan originations, making it the most active lender that year, with approximately 294,400 million mortgages originated. Besides by number of originations, United Wholesale Mortgage led by origination volume. Rocket Mortgage came second in the ranking with about 288,600 mortgages.

The Italian mortgage market has grown substantially since 2014, with the value of mortgages outstanding increasing by about 62 billion euros until 2024. In the first quarter of 2014, the value of mortgages outstanding amounted to 359 billion euros and in the second quarter of 2024, it exceeded 421 billion euros. Mortgage interest rates in Italy The mortgage interest rates in Italy decreased significantly, falling to record lows, before rising dramatically in 2022. The period of decline in mortgage interest rates probably helped revive the residential real estate market in the country, which suffered after the financial crisis of 2008. In fact, the number of transactions in the sector increased steadily since 2013. A regional overview In some areas of the country, the residential real estate market appears to be more dynamic than in others. In fact, in 2022, the North-West of Italy accounted for more than one third of all transactions in the sector. When looking closely at the single regions, Lombardy was the most active, with more than 165,000 transactions registered. The second most prolific market was found in the region of Lazio, which recorded approximately 77 thousand transactions.

The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 86 billion U.S. dollars in the first quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 291 billion U.S. dollars in the first quarter of 2024, and a market peak of 477 billion U.S. dollars in the first quarter of 2022. According to the forecast, mortgage lending is expected to slightly increase until the end of 2025. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022 and continued to increase in 2023. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2023, the average rate for the same mortgage type exceeded seven percent. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.

Mortgage Application in the United States increased by 6.30 percent in the week ending November 22 of 2024 over the previous week. This dataset provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

The CoreLogic Loan-Level Market Analytics (LLMA) for primary mortgages dataset contains detailed loan data, including origination, events, performance, forbearance and inferred modification data.

Methodology

CoreLogic sources the Loan-Level Market Analytics data directly from loan servicers. CoreLogic cleans and augments the contributed records with modeled data. The Data Dictionary indicates which fields are contributed and which are inferred.

The Loan-Level Market Analytics data is aimed at providing lenders, servicers, investors, and advisory firms with the insights they need to make trustworthy assessments and accurate decisions. Stanford Libraries has purchased the Loan-Level Market Analytics data for researchers interested in housing, economics, finance and other topics related to prime and subprime first lien data.

CoreLogic provided the data to Stanford Libraries as pipe-delimited text files, which we have uploaded to Data Farm (Redivis) for preview, extraction and analysis.

For more information about how the data was prepared for Redivis, please see CoreLogic 2024 GitLab.

Usage

Per the End User License Agreement, the LLMA Data cannot be commingled (i.e. merged, mixed or combined) with Tax and Deed Data that Stanford University has licensed from CoreLogic, or other data which includes the same or similar data elements or that can otherwise be used to identify individual persons or loan servicers.

The 2015 major release of CoreLogic Loan-Level Market Analytics (for primary mortgages) was intended to enhance the CoreLogic servicing consortium through data quality improvements and integrated analytics. See **CL_LLMA_ReleaseNotes.pdf **for more information about these changes.

For more information about included variables, please see CL_LLMA_Data_Dictionary.pdf.

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For more information about how the database was set up, please see LLMA_Download_Guide.pdf.

Bulk Data Access

Data access is required to view this section.

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets (DRSFRMT100S) from Q1 1991 to Q3 2024 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, domestic, assets, banks, depository institutions, rate, and USA.

Black mortgage applicants had the highest denial rates in the United States between the first quarter of 2019 and the third quarter of 2023. In the third quarter of 2023, denial rates were 30 percent for Black applicants, while Hispanic applicants had the second-highest denial rates at 22.1 percent. For all races, the denial rates significantly fluctuated between 2019 and 2023.

Mortgage originations in the United States plummeted in 2021 and 2022, after soaring to an all-time high in the previous two years. By the third quarter of 2023, the value of new mortgage originations amounted to 444 billion U.S. dollars, about a third of the value recorded during the market peak in the fourth quarter of 2020. These fluctuations were mostly because of the development of mortgage interest rates and mortgage lending for home refinance: While interest rates were at a record low in 2020, many homebuyers used the opportunity to refinance their loan. After rates increased, refinancing declined dramatically. How have home sales developed? Over the past decade, the annual number of homes sold in the U.S. ranged between 4.7 million and 6.9 million, with the number of sales of existing homes far outweighing that of newly built homes sold. Housing transactions have generally declined since 2021 because of the less favorable credit conditions and worsening housing affordability. Cash purchases on the rise Although buying in cash is largely uncommon in the U.S., the number of houses bought with cash has increased since 2009. For those who can afford it, a cash purchase provides a number of benefits. Most importantly, cash buyers save from mortgage payments. Additionally, the closing time on these transactions time faster, which gives a competitive advantage in markets with a lot of competition.

In the last quarter of 2023, over 44 percent of the assets of commercial banks in the United States were loans. The market share of residential mortgages was significantly lower than at its peak in 2005, while the distribution of the other types of loans has remained more stable. Until the financial crisis of 2007, loans represented approximately half of all banking assets.

This table contains 80 series, with data starting from 1982 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Mortgages (4 items: Total, mortgage loans outstanding; Mortgages in Canada outstanding; Mortgage loans outside Canada outstanding; Allowance for credit losses); Increases and decreases (15 items: Total, increases and decreases; Gross increase; Cash disbursement of principal; Purchases of mortgages from; ...); Type of mortgage (7 items: Total, mortgages; Total, residential mortgages; Residential mortgages, insured; Residential mortgages, uninsured; ...).

Debt Balance Mortgages in the United States increased to 12.59 Trillion USD in the third quarter of 2024 from 12.52 Trillion USD in the second quarter of 2024. This dataset includes a chart with historical data for the United States Debt Balance Mortgages.

Finances are an important part of life. When looking at the share of people with mortgage in selected countries worldwide, Norway and the Netherlands lead the ranking. 43 percent of consumers from Norway as well as 38 percent from the Netherlands are part of this category. Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

The total amount of outstanding residential mortgage lending in Germany grew quarterly since the second quarter of 2014. This value increased to nearly 1.9 trillion euros by the second quarter of 2024. Along with the United Kingdom and France, Germany was one of three European countries that exceeded one trillion in outstanding residential mortgage lending.

The United Kingdom, Germany, and France were the countries with the largest mortgage markets in Europe in 2023, when considering the value of loans outstanding. In the second quarter of the year, the UK had close to 1.9 billion euros worth of mortgages outstanding. Other countries with large mortgage markets included the Netherlands, Spain, Sweden, and Italy - all exceeding 400 billion euros. One of the main drivers of mortgage activity is the cost of borrowing. In 2022, interest rates increased dramatically across Europe. Ireland, and Germany remained among the few countries with an average interest rate under four percent.

Quarterly non-bank residential mortgages extended by type of increase and, (please remove the red comma after the word “and”) new funds advanced by term to maturity, by insurance status, by lender type and number of mortgages, displayed in thousands of dollars, unless otherwise specified.

As a result of the coronavirus (COVID-19) crisis, many people worldwide faced job insecurity and income disruption. For mortgage borrowers in the United States, this means increased risk of delayed loan repayment, default and foreclosure.

In April 2020, the share of single-family housing mortgages owned by Freddie Mac that were in forbearance and delinquent for 30 days spiked to 44 percent. One year later, as of April 2021, approximately 20 percent of the mortgage loans in forbearance were delinquent for over 180 days.

This file includes all active HUD Multifamily insured mortgages. The data is updated monthly.

In the United States, interest rates for all mortgage types started to increase in 2021. This was due to the Federal Reserve introducing a series of hikes in the federal funds rate to contain the rising inflation. In the first quarter of 2024, the 30-year fixed rate declined slightly, to 6.75 percent. Despite the cut, this was about 3.9 percentage points higher than the same quarter in 2021. Why have U.S. home sales decreased? Cheaper mortgages normally encourage consumers to buy homes, while higher borrowing costs have the opposite effect. As interest rates increased in 2022, the number of existing homes sold plummeted. Soaring house prices over the past 10 years have further affected housing affordability. Between 2013 and 2023, the median price of an existing single-family home risen by about 88 percent. On the other hand, the median weekly earnings have risen much slower. Comparing mortgage terms and rates Between 2008 and 2023, the average rate on a 15-year fixed-rate mortgage in the United States stood between 2.28 and 6.11 percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between 3.08 and 6.81 percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

After a period of gradual decline, the average annual rate on a 30-year fixed-rate mortgage in the United States rose to 6.81 percent in 2023, up from the record-low 2.96 percent in 2021. The rate for 15-year fixed mortgages and five-year ARM mortgages followed a similar trend. This was a result of the Federal Reserve increasing the bank rate - a measure introduced to tackle the rising inflation. U.S. home prices going through the roof Mortgage rates have a strong impact on the market – the lower the rate, the lower the loan repayment. The rate on a 30-year fixed-rate mortgage decreasing after the Great Recession has stimulated the market and boosted home sales. Another problem consumers face is the fact that house prices are rising at an unaffordable level. The median sales price of a new home sold surged in 2021, while the median weekly earnings of a full-time employee maintained a more moderate increase. What are the differences between 15-year and 30-year mortgages? Two of the most popular loan terms available to homebuyers are the 15-year fixed-rate mortgage and the 30-year fixed-rate mortgage. The 30-year option appeals to more consumers because the repayment is spread out over 30 years, meaning the monthly payments are lower. Consumers choosing the 15-year option will have to pay higher monthly payments but benefit from lower interest rates.