Business Insights
2016 HMDA Data Reveals Overall Product Trends
Articles by: Richey May, Oct 17, 2017
October 2017
The release of the 2016 HMDA data revealed overall product trends in the market, according to our free HMDA Market Share Dashboard. Conventional loan volume increased 20%, in line with the overall increase of 19%, while FHA volume lagged with a 9% increase, and VA volume reflected a robust 38% increase. Overall purchases represented 49% of the market, with strong purchase markets in Texas (63%), Florida (63%) and New York (64%), while refis, representing 47% of the market, were strongest in California (61%). Overall production volume increases were strongest in the western United States, with Washington (29%) leading the nation.
For even more data points relevant to your business, check out our dynamic HMDA Market Share Dashboard.