The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market.

The full dataset from Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), includes information from 5,113 financial institutions, which encompass mortgage companies, banks, savings associations and credit unions. This is a 14.6% increase in the total number of reporting institutions when compared to the details ⇒

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