Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBN) from Q1 1991 to Q4 2023 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Mortgage Application in the United States decreased by 0.60 percent in the week ending March 29 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.

Debt Balance Mortgages in the United States increased to 12.25 Trillion USD in the fourth quarter of 2023 from 12.14 Trillion USD in the third quarter of 2023. This dataset includes a chart with historical data for the United States Debt Balance Mortgages.

Graph and download economic data for All Sectors; One-to-Four-Family Residential Mortgages; Asset, Level (ASHMA) from Q4 1945 to Q4 2023 about mortgage, sector, assets, housing, and USA.

Quarterly non-bank outstanding residential mortgages by insurance status, amortization period, total debt service ratio, loan-to-value and, days in arrears, by lender type and number of mortgages, displayed in thousands of dollars, unless otherwise specified.

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.

Purchase loan mortgage originations in the fourth quarter of 2022 amounted to 332 billion U.S. dollars and refinance loan mortgage originations amounted to 66 billion U.S. dollars. Due to the low interest rates, refinance mortgages spiked in the second half of 2020, but went down as as borrowing costs increased.

Purchase vs refinance loans

A purchase loan is the classic type of mortgage which describes the process by which a home buyer borrows money from a mortgage lender. On the other hand, a refinance loan is obtained by homeowners to replace their existing mortgage with a new loan, which usually reduces the monthly payments, the interest rate or changes it to a fixed rate mortgage.  

Why the trend has changed

The value of refinance loans had been falling since mid-2013, because the Federal Reserve had been continuously increasing the interest rate since 2014. However, the Fed dropped the funds rate three times in 2019 in response to the inverted yield curve in March, which accounts for the increase throughout 2019.

Graph and download economic data for All Sectors; Commercial Mortgages; Asset, Level (BOGZ1FL893065505A) from 1945 to 2023 about mortgage, sector, commercial, assets, and USA.

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

Mortgage refers to any loan in which a property or real estate is used as collateral. The global mortgages market includes companies or trusts that service, originate, purchase or securitize residential or commercial mortgage loans. The market also includes trusts that invest in mortgage-backed securities and other mortgage-related assets.

Residential real estate dominates the global mortgages market by type. North America dominates the global mortgages market by region, driven by the growing prominence of robotics and automation in mortgage lending processes. However, factors such as the rising affordability for residences in emerging economies are expected to drive market growth in APAC during the forecast period. Additionally, trends such as growing consolidation activity in the global mortgages market are expected to characterize market growth during the forecast period.

Many factors are expected to influence growth in the global mortgages market during the forecast period. Our analysis identifies the following factors to be driving the growth of the global mortgages market:

Demand for efficiency in lending operations

Owing to the rising demand for efficiency in lending operations such as loan servicing, mortgage providers are adopting technology-based solutions to improve their operational efficiency and reduce costs. Mortgage organizations also outsource their loan servicing needs to third-party organizations or agencies. The use of technology enables mortgage lenders to reduce turnaround time and increase productivity without affecting processing accuracy. The high demand for efficiency in lending operations is expected to aid the growth of the global mortgage market during the forecast period.

Rising prominence of robotics in mortgage lending

While several mortgage lenders are emphasizing on achieving cost-cutting objectives through business process outsourcing and improved technology platforms, the adoption of robotics and automation offers a significant opportunity to improve efficiency in the global mortgage market. The adoption of robotic process automation enables mortgage lenders to improve process efficiency, reduce operational costs, and reduce turnaround times.

High affordability for residences in emerging economies

Factors such as the rapid economic growth in emerging countries such as South Korea, India, and Indonesia, and the rising per capita income among consumers have contributed to the prominence of affordable housing in these countries. Additionally, mortgage lenders offer attractive interest rates to prospective homebuyers to bring in more buyers and boost the residential real estate sector in these countries. These factors are expected to drive the growth of the global mortgages market during the forecast period.

Meanwhile, the vendors operating in the market face numerous challenges in increasing their sales and improving profitability. Some of those challenges are:

Tight housing su

Includes all terminated HUD Multifamily insured mortgages. It includes the Holder and Servicer at the time the mortgage was terminated. Data is updated monthly and is extracted from MFIS.

Average Mortgage Size in the United States increased to 453 Thousand USD on Friday March 29 from 441.80 in the previous day. This dataset includes a chart with historical data for the United States Average Mortgage Size.

Abstract

The CoreLogic Loan-Level Market Analytics for primary mortgages dataset (LLMA) contains detailed loan data, including loan origination data, loan performance data, events data and inferred modification data. The data covers January 1999 to March 2019.

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 are aimed at providing lenders, servicers, investors, and advisory firms with the insights they need to make trustworthy assessments and accurate decisions. Stanford Libraries have 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 Redivis for preview, extraction and light analysis.

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.

For more information about the terms of use, please see ***2023_corelogic_llma_end_user_license_agreement.pdf ***(under Supporting files).

Bulk Data Access

Data access is required to view this section.

Fixed 30-year mortgage rates in the United States averaged 7.01 percent in the week ending April 5 of 2024. This dataset provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

30 Year Mortgage Rate in the United States increased to 6.82 percent in April 3 from 6.79 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

The table shows the level of mortgage credit extended by banks around the world including the most recent value and recent changes. This is the level of outstanding housing credit at a given point in time. The numbers are in billion local currency units and are updated right after the new data are released by the national authorities. Mortgage credit is by far the main component of household credit which also includes consumer credit. In many countries it exceeds the level of business credit. Greater access to mortgage credit makes it easier for households to buy real estate which is very beneficial but it does not contribute to long-term economic growth. In fact, if its growth is excessive it could lead to banking crises.

Graph and download economic data for Households and Nonprofit Organizations; One-to-Four-Family Residential Mortgages; Liability, Level (HHMSDODNS) from Q4 1945 to Q4 2023 about mortgage, nonfinancial, sector, debt, domestic, households, housing, and USA.

This paper describes subprime lending in the mortgage market and how it has evolved through time. Subprime lending has introduced a substantial amount of risk-based pricing into the mortgage market by creating a myriad of prices and product choices largely determined by borrower credit history (mortgage and rental payments, foreclosures and bankruptcies, and overall credit scores) and down payment requirements. Although subprime lending still differs from prime lending in many ways, much of the growth (at least in the securitized portion of the market) has come in the least-risky (A-) segment of the market. In addition, lenders have imposed prepayment penalties to extend the duration of loans and required larger down payments to lower their credit risk exposure from high-risk loans.

MBA Mortgage Market Index in the United States increased to 202.10 points in April 12 from 195.70 points in the previous week. This dataset includes a chart with historical data for the United States MBA Mortgage Market Index.