The FFIEC has released mortgage lending transaction data pertaining to 7,062 financial institutions covered by the Home Mortgage Disclosure Act, the council announced Tuesday. The data includes applications, originations, purchases and sales of loans, denials and other application-related actions. Institutions covered by the HMDA include banks, savings associations, credit unions and mortgage companies, the FFIEC said.

The data released Tuesday shows the disposition of loan applications, as well as whether a loan is subject to the Home Ownership and Equity Protection Act, and whether a loan is secured by a first or subordinate lien or is unsecured.

The FFIEC reported a number of key takeaways from the 2014 data, including the following:

• The number of reporting institutions declined by approximately 2% to 7,062 from 2013, continuing a downward trend since 2006 when about 8,900 lenders reported HMDA data.
• The total number of originated loans of all types and purposes declined by about 2.7 million, or 31%, from 2013.  
• Refinance originations declined by 55%, whereas home purchase lending increased by about 4%.
• The share of one- to four-unit family home purchase loans made to low- and moderate-income borrowers (those with income of less than 80% of area median income) declined slightly from about 26% in 2013 to roughly 25% in 2014.
• From 2013 to 2014, the share of home purchase loans for one- to four-unit family properties made to black borrowers rose from 4.4% to nearly 4.9%, the share made to Hispanic white borrowers rose from 6.9% to 7.5%, and those made to Asian borrowers declined slightly from 6% to 5.7%.
• In 2014, the FHA-insured share of first-lien home purchase loans for one- to four-unit family, site-built, owner-occupied properties was 21% – down from 24% in 2013, and down from its peak of 42% in 2009.

"The HMDA data are the most comprehensive publicly available information on mortgage market activity," the FFIEC stated in a news release. "Among other uses, the data help the public determine how financial institutions are serving the housing needs of their local communities and facilitate fair lending and compliance examinations."