Understanding trends in the mortgage lending market is crucial to evaluating the financial health of many Americans, and PolicyMap has updated the Home Mortgage Disclosure Act data , or HMDA, so that our users can do just that. Mortgage debt comprises the largest share of household debt for Americans , and access to mortgage credit for homeownership represents a crucial component of wealth-building opportunities for many households across the US. Let’s take a look at some of the important trends we’re seeing in the 2015 data.
Home Loans 2004-2015
Median Home Purchase Loan Amount 2004-2015
According to the Federal Reserve Bulletin , mortgage products have become a bit more accessible for all except those with lower credit scores. Consequently, wealth-building opportunities through homeownership seem to be more accessible in 2015 than in the previous years following the mortgage market crisis. But it continues to remain out of reach to applicants perceived to be higher risk borrowers.