Loan Origination Statistics

Steve Goldstein
Steve Goldstein
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Loan Origination Statistics 2023: Facts about Loan Origination outlines the context of what’s happening in the tech world.

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Top Loan Origination Statistics 2023

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Loan Origination “Latest” Statistics

  • The Home Mortgage Disclosure Act makes detailed information on about 95% of mortgage originations in the country accessible to the public.[1]
  • Purchase loan share of total lending decreased from 38% in the third quarter of 2021 to 37% in the fourth quarter of 2021 but was still over 32% yearly.[2]
  • Loan share increases as VA loan share declines in the fourth quarter of 2021, 319,334, or 9.8% of all residential property loans, were mortgages guaranteed by the federal housing administration.[2]
  • In the metro areas surveyed, HELOC mortgage originations fell by 68% from the third to the fourth quarter of 2021.[2]
  • Home equity lending also saw a quarterly decline of 5% to roughly 230,700, although this figure represented a marginal gain in the overall share of loans.[2]
  • Oklahoma City, OK is 50.6% of mortgages worldwide, Las Vegas, NV (44.4%), Miami, FL (44.2%), San Antonio, TX (42.2%), and Virginia Beach, VA (42.5%).[2]
  • To refinance, 1.81 million house loans were converted into new mortgages during the fourth quarter of 2021, a decrease of 23% from the previous year and an 11% decrease from the third quarter.[2]
  • Refinance purchase home equity mortgages overall loan activity down 11% marking the third quarterly decrease in lending down at the fastest rate since early 2019.[2]
  • Originations of purchases fell by 11% in the fourth quarter. 1,223,661 buy mortgages were created by lenders in the fourth quarter of 2021.[2]
  • Compared to the third quarter of 2021 and the fourth quarter of 2020, this number was down 11% and 13%, respectively.[2]
  • That decreased by 13.5% from 3,775,894 in the fourth quarter of 2020 and by 10.7% from 3,656,892 in the third quarter of 2021.[2]
  • Despite being up 28% from 11.8 in the fourth quarter of 2020, that was down 11.3% from 13.7 in the third quarter.[2]
  • Despite being down from 10.7% in the fourth quarter of 2020, it was an increase from 9.3% in the third quarter of 2021.[2]
  • All loans totaled 106 trillion dollars in the fourth quarter, down from 1.17 trillion in the third quarter and 1.14 trillion in the fourth quarter of 2020, respectively.[2]
  • The fourth quarter’s 45.6 billion HELOC loan volume was a decrease of 3% from the third quarter and 11% from the fourth quarter in 2020.[2]
  • The fourth quarter of 2021 had a 578 billion dollar volume of refinancing packages, a decrease of 17.5% from the fourth quarter of 20.20 and a decrease of 9% from the preceding quarter’s 7007 billion.[2]
  • The amount borrowed to purchase homes and apartments dropped to 439 billion dollars from the third quarter of last year, a 10% decrease, but an increase of 14% from the fourth quarter of 20.[2]
  • Atlanta, GA, which has a population of at least 1 million, had the most drops, dropping 36.1%. San Antonio, TX decreased by 23.3%, Houston, TX fell by 19.1%, and St. Louis, MO, and Austin, TX, both declined by 15.9%.[2]
  • Buffalo, NY had the most gains, up 25.3%. Lakeland, FL, up 17.8%, Salt Lake City, UT, increased by 17.7%, Brownsville, TX, up 11.7%, and Lafayette, IN, up 13.3%.[2]
  • Provo, UT had the biggest quarterly drops, dropping 55.2%. Hickory Lenoir, North Carolina, was down 54.1%, Huntsville, Alabama, dropped by 53.5%, Pittsburgh, Pennsylvania, and Sioux Falls, South Dakota, each had a 51.5% decline.[2]
  • Over 155 million us residential and commercial properties, or 99% of the country’s population, are covered by ATTOM multi-sources property tax deed mortgage foreclosure environmental risk natural hazard and neighborhood data.[3]
  • Activity decreased by at least 10% in 193 metro areas (89%) and by at least 20% in 109 metro areas (50%).[3]
  • Amid such changes, the usual down payment was reduced from 7.4% in the fourth quarter of 2021 to 7.2% of the buying price.[3]
  • The only metro region with a population of at least 1 million people except for Philadelphia where buy originations rose from the fourth to the first quarter was Houston, Texas, up 2.1%.[3]
  • Despite the declines, purchase loans continued to account for 37% of all loans in the first quarter of 2022, up yearly from 29%.[3]
  • Dropping by 32% annually fastest decline in eight years, marking refinance lending falls another 22% as the fourth straight quarter of lower new loan volume.[3]
  • In 62% of the metro areas surveyed, HELOC mortgage originations rose from the fourth quarter of 2021 to the first quarter of 2022.[3]
  • HELOCs made up 9.2% of all loans in the first quarter of 2022, which is over twice the amount from a year earlier at 4.9%.[3]
  • Home equity financing was the only sector to defy the trend, increasing by 28% yearly and 6% quarterly to 249,900.[3]
  • In the first quarter of 2022, only 1.45 million residential loans were converted into new mortgages, which is a decrease of 46% from the prior quarter and 22% from the fourth quarter of 2021.[3]
  • Loans made to purchasers decreased by at least 10% in 169 metro regions (78%), and by at least 20% in 113 metro areas (52%).[3]
  • For the third time in the previous four quarters, mortgages insured by the federal housing administration increased as a percentage of total lending, making up 10.4% of all residential property loans made in the first quarter of 2022.[3]
  • In 210, or 97% of the 216 metropolitan statistical areas throughout the nation with sufficient data to evaluate, refinancing activity fell from the fourth quarter of 2021 to the first quarter of 2022.[3]
  • Only 11 of the examined metro areas had a 5% rise in residential purchase mortgage lending from the fourth quarter of 2021 to the first quarter of 2022.[3]
  • In 205 of the 216 metro regions in the survey, residential purchase mortgage originations fell by 95% between the fourth quarter of 2021 and the first quarter of 20.[3]
  • In the first quarter, so-called HELOC mortgages made up 9% of total residential loans, up from 7% in the fourth quarter of 2021 and 5% in the first quarter of the previous year.[3]
  • This statistic was down 32% from the first quarter of 2021 and down 18% from the fourth quarter of 2021, the steepest yearly loss since 2014 and the largest quarterly fall since 2017.[3]
  • This was higher than both the first quarter of 2021 (8.9%) and the fourth quarter of 2021 (9.8%).[3]
  • The 470.7 billion dollar volume of refinancing packages in the first quarter of 2022 decreased by 42.1% from the first quarter of 2021 and by 19.9% from the preceding quarter’s 587.5 billion dollar volume.[3]
  • HELOC loan volume in the first quarter of 2022 was 50.4 billion, up from 46.6 billion in the fourth quarter of 2021 and 39.9 billion in the first quarter of the previous year, respectively.[3]
  • In the first quarter, loans totaled 892.4 billion dollars, a decrease of 17.1% from the 108 trillion loans made in the previous quarter and a decrease of 27.3% from the 1.23 trillion loans made in the first quarter of 20.21.[3]
  • Refinance loan volume fell to $4707 billion, a 42% yearly decline and a 20% drop from the previous quarter.[3]
  • Philadelphia, Pennsylvania, up 26.4%, had the biggest rise among metro regions with a population of at least 1 million. San Jose, California, up 23.7%, Los Angeles, CA increased by 23%, San Antonio, TX, up 19.6%, and Miami, Florida, up 22.1%.[3]
  • The biggest gains were in Lafayette, LA, up 16.7%. Laredo, TX, increased by 16.5%. College Station, TX, increased by 16.2%, Philadelphia, Pennsylvania, increased by 12.8%, and Warner Robins, Georgia, increased by 12.2%.[3]
  • The biggest quarterly drops were in Huntsville, Alabama, down 58.1%, and St. Louis, Missouri, down 49.8%, San Jose, CA, down 41.9%, Augusta, GA, down 47.5%, and Anchorage, AK, down 45.1%.[3]
  • In the first quarter of 2022, the median down payment for single-family houses and condominiums bought with financing was 25,200, which was down by 3.1% from 26,000 in the previous quarter but still higher by 24.4% from 20,250 in the first quarter of 2021.[3]
  • Philadelphia, Pennsylvania, up 11.4%, was the only metro region to have an increase in the overall number of mortgages from the fourth quarter to the first quarter. Sioux Falls, South Dakota, and Laredo, TX both had increases of 7.6%, 11.4%, and 9%, respectively.[3]
  • In the first quarter of 2021, they made up 53% of all mortgages, down from 56% in the fourth quarter and 67% in the first quarter of 2021.[3]
  • Total loan activity decreased by at least 10% in 183 metro areas (85%) and by at least 20% in 90 metro areas (42%).[3]
  • The average 30-year fixed mortgage rate for purchases is presently 70%, according to Bankrate’s most recent poll.[4]
  • Refinance originations are expected to decline from 2.8 trillion in 2021 to 960 billion in 20.22, according to the Freddie Mac estimate.[4]
  • According to commercial real estate data source Trepp, the U.S. commercial real estate debt exceeded $5 trillion in 2021.[4]
  • According to the national association of realtors, existing house sales in 2021 reached their greatest level in 15 years, totaling 6.12 million.[4]
  • A spring 2022 estimate from Freddie Mac predicts home prices will increase by 10.4% in 2022 and by 5% in 2023.[4]
  • Black knight estimates that in 2021 mortgage originations reached a record high of 4.4 trillion due to mortgage rates that were close to 3%.[4]
  • According to mortgage technology and data provider, just a little decline from 2.8 trillion in 2020 of mortgages was refinanced in 2.7 trillion. White knight.[4]
  • According to the Urban Institute, little over 22% of borrowers with traditional mortgages paid private mortgage insurance (PMI) in 2021.[4]
  • According to a source of reverse mortgage statistics, over 52,900 reverse mortgages were generated in 2021.[4]
  • According to ATTOM, mortgage lenders granted 2.71 million home loans in the first quarter of 2022, the worst decline since 2014.[4]
  • According to the New York Fed, mortgages made for 71% of all household debt in the first quarter of 2022.[4]
  • The 28% rule is one approach to figuring out how much mortgage you can afford. Keep your housing expenditures to only 28% of your total monthly income.[4]
  • The Federal Reserve Bank of New York estimates that the U.S. has 11.18 trillion in residential mortgage debt as of the first quarter of 2022.[4]
  • The federal reserve is striving to solve serious inflation issues that are endangering the economy, and because of its activities, rates have fast increased from 3.4% at the beginning of 2022 to over 5% by April.[4]
  • According to the Mortgage Bankers Association, the average first mortgage amount increased to a record high of USD298,324 in 2021 from USD278,725 in 2020.[4]
  • Any borrower with a down payment of less than 20% on a conventional loan is required to pay private mortgage insurance charges until they reach a 20% equity position.[4]
  • According to a recent CoreLogic report, the number of short sales has increased from 2009 to 2010. According to Freddie Mac, the number of short sales increased by 700% in June 2010 compared to 2008.[5]
  • Besides the residential mortgage frauds that are still discovered in about half of all bank failures that the FBI investigates, new scams are developing, according to an FBI study.[5]
  • Mortgage fraud foreclosure rescue investigations made up about 2% of all mortgage fraud cases launched in FY2010, according to FBI case data.[5]
  • In FY2010, 71% of all FBI mortgage fraud cases that were still open included losses of more than USD1 million, according to FBI statistics.[5]
  • The states with the greatest overall levels of mortgage fraud risk also have the largest percentages of underwater borrowers and foreclosure activity, according to Interthinx’s 2010 annual mortgage fraud risk report.[5]
  • RealtyTrac reports that a record 2.9 million houses filed for foreclosure in 2010, up from 2.8 million in 2009, as the issue became worse owing to the high unemployment rate.[5]
  • Title agents and settlement lawyers are implicated in the nonsatisfaction of mortgage schemes in at least 21 investigations across 14 field office zones, according to an analysis of FBI investigations launched in FY2010.[5]
  • The FTC’s MARS stated a provider cannot collect an advance payment for a loan modification unless the homeowner receives a written offer from their lender for the modification or other relief and accepts the offer.[5]
  • The MBA NDS estimates that, excluding those that were already in default, 8.2%, or 3.6 million, of all residential mortgage loans with seasonally adjusted balances in 2010 were past due.[5]
  • According to the MBA, the geographic concentration of the foreclosure inventory is considerable, with more than half of the foreclosed houses being concentrated in just five states.[5]
  • 43% of FBI field offices are reporting this activity, with losses topping 76 million, according to an analysis of FBI investigations started in FY2010.[5]
  • Because of stagnant origination volumes and a 20% rise in mortgage fraud, CoreLogic recorded roughly $12 billion in fraud loan amounts in 2010.[5]
  • In FY2010, there were 3,129 active FBI mortgage fraud investigations, up 12% from FY2009 and 90% from FY2008.[5]
  • According to the MBA NDS, 8.8% of mortgage loans were substantially overdue in 2015, including those that were being foreclosed on.[5]
  • Compared to FY2009, when there were 591 ongoing single-family residential loan investigations, there were 765 pending investigations in FY2010.[5]
  • Arizona was the state with the second highest proportion of mortgages with negative equity, at 51%, behind Nevada, at 65%.[5]
  • Only 25% of SARs in FY2010 recorded a loss, compared to 22% in FY2009, which reported a loss of $2.8 billion, and 11% in FY2008 which reported a loss of $1.5 billion.[5]
  • According to RealtyTrac, there were 2.9 million foreclosures in 2010, which is a 2% rise from 2009 and a 23% increase from 2008.[5]
  • 3.2 billion in losses were recorded in SARs for FY2010, an increase of 117% from FY2008 and a 16% rise from FY2009.[5]
  • In 2010, Florida had 56.8% of the states’ subprime arms that were substantially overdue. 52.7% in New Jersey,51% in New York, 43.3% in Hawaii, and 46.2% in Nevada.[5]
  • While the substantially overdue rate for subprime loans was 28.5% in 2010, the percentage for subprime adjustable rate mortgages was 38.9, according to MBA NDS 2010 statistics.[5]
  • According to the OCC/OTS, 25.5% of loans that had been changed defaulted again in 2010 and fell 60 or more days past due nine months following the modification.[5]
  • 97% of U.S. real estate transactions are represented by the database of the firm, which includes over 3,000 counties.[5]
  • From 49% in December 2010 to 8.79% in December 2010, the percentage of commercial mortgage loans that were delinquent rose by 79% in 2010.[5]
  • Given that the housing market is predicted to remain sluggish until 20.11, these strategies should continue to be successful soon.[5]
  • According to estimates, the MBA NDS will cover 88% of the market’s active first-lien mortgages.[5]
  • With mortgages according to an analysis of FBI investigations that were started in 2010, 38% of FBI field offices are reporting fraud using title/escrow/settlements.[5]
  • According to the federal reserve, monthly payments made by borrowers in all five states are more than the USD200 to USD299 average monthly payments made overall.[6]
  • The age group with the highest rate of student loan debt, 34% of those aged 18 to 29 had school loan debt.[6]
  • The percentage of those having student debt jumps to 49% among those with a bachelor’s degree or above.[6]
  • As a result, according to the Federal Reserve, total outstanding us student loan debt hit an all-time high of $1.7 trillion by the end of 2020.[6]
  • First-generation college students often borrow more money from undergraduate lenders and do so more frequently than their classmates; 42% of recent first-generation college graduates borrowed $25,000 or more, compared to 35% of continuing.[6]
  • For instance, the Bureau of Labor Statistics reports that in 2019, the median weekly wages for those with bachelor’s degrees were USD1,248, compared to USD746 for people with high school diplomas.[6]
  • Grad school loans make up around 50% of all outstanding student loan debt and 25% of all borrowers.[6]
  • The biggest category of debtors in the united states, 34% of persons aged 18 to 29 report having some amount of student loan debt.[6]
  • According to recent statistics, nearly 60% of college seniors in the 2015–2016 school year borrowed money to pay for their education, which is a 10% increase from the 1999–2000 academic year.[6]
  • According to research from the Brookings Institution, 6% of borrowers, including 2% who owe more than $200,000 in student loan debt, handle a third of outstanding student loan debt.[6]
  • Only 51% of borrowers with repayment responsibilities starting in 2010-2012 have reduced their outstanding sums five years later, according to research.[6]
  • 75% of borrowers who took out loans for two or four-year degrees remain half.[6]
  • From 2020 to 2021, the amount of equity removed slightly increased, whether measured in cash adjusted for inflation or as a percentage of the property value.[7]
  • The average 30-year fixed-rate mortgage had a 3.0% interest rate in 2021, according to Freddie Mac’s Primary Market Mortgage Rate survey.[7]
  • Average points and fees rose as interest rates rose throughout the 1970s and the beginning of the 1980s, reaching a peak of 2.7 percentage points during some weeks in 1984 and 1985.[7]
  • Borrowers who refinanced their first-lien conventional mortgages in 2021 saw an average reduction of 1.15 percentage points in their mortgage rates.[7]
  • We calculate the incidence of cash-out for each year of origination, which is the proportion of mortgages that entail a cash-out, which is here defined as a 5% or more rise in the new loan’s UPB relative to the outstanding UPB of the original loan that was refinanced.[7]
  • For instance, the intra-week standard deviation of mortgage rates for borrowers fitting the PMMS profile is at 0.25 percentage points and the intra-week range of quotes is 3 percentage points from January 2000 to February 2022.[7]
  • In 2021, borrowers who took cash out of their mortgages withdrew, on average, USD60,214, or 14.3% of the value of their homes.[7]
  • Borrowers who did not pay discount points had an average interest rate on purchase loans of 2.99% in 2021 compared to 2.97% for those who did.[7]
  • About 2.8 trillion in first-lien refinancing originations were made in 2021, a 7.6% decrease from 2020.[7]
  • For non-cash-out and cash-out refinancing borrowers, the share paying discount points were 36.4% and 47.3%, respectively, a little higher.[7]
  • As a result, in the third quarter of 2021, the overall ratio of home equity to the value of housing stock climbed to roughly 69%.[7]
  • Some fluctuations we find within a week may be attributed to rates drifting up or down, although the average absolute difference in average rates is only 0.05 percentage points or one-fifth of the observed intra-week variance.[7]
  • As of the first quarter of 2022, about 3.25% of personal loan accounts are projected to be 60 days or more delinquent, up from 2.68% as of the first quarter of 2021.[8]
  • However, personal loan debt amounts increased by 15.2% in 2021, reversing the declining trend from the previous year.[8]
  • It’s fascinating to compare today’s data to the default rate of 4.77% on consumer loans in 2009 when the great recession ended, although personal loan delinquency rates are high relative to other loan categories.[8]
  • A personal loan may also be a viable alternative if you have excellent credit, while a credit card with a 0% balance transfer offer can be a better option for consolidating and refinancing other debts.[8]
  • Users of LendingTree look for personal loans to pay off debt, with 14.8% of them refinancing credit card debt and 42.8% consolidating their debt.[8]
  • According to the most recent market statistics, over 20 million Americans owe USD178 billion in personal loans.[8]
  • The balances on personal loans decreased for the first time since 20.11 in that year, falling 7.6%.[8]
  • 11% of total consumer debt in the first quarter of 2022 comprises personal loans. 41% of consumer debt not related to housing comprises it.[8]
  • Despite a significant increase over the previous ten years, personal loans still represent just over 1% of total consumer debt carried by Americans.[8]
  • That amount is much higher than the rates for other popular loan kinds, including auto loans (1.63%), credit cards (1.61%), and mortgages (0.63%).[8]
  • From the first quarter of 2021, when Americans owed 144 billion, it is a significant 24% increase.[8]
  • As of June 2022, the average APR for new credit card offers was 20.17%, with a range of 16.53% to 23.79%.[8]
  • As of the first quarter of 2022, the delinquency rate for personal loans is 32.5% when payments are 60 days or more past due. Increased from 26.8% a year earlier.[8]
  • Paying for home upgrades ranks second most often, followed by relocating and relocation (36%).[8]
  • In contrast credit card debt owed by Americans totals $841 billion, or 5.3% of all outstanding debt.[8]
  • 93% of first-time buyers chose a fixed-rate mortgage, with 35% choosing an FHA-backed loan to finance their purchase.[9]
  • About 17.86% of potential homebuyers who were pre-approved did not use the pre-approved loan to buy a property.[9]
  • First mortgages made up 85.44% of all new home loans, according to HMDA. In 2018, 95.05% of all new mortgage debt was created.[9]
  • The federal reserve reports that the outstanding mortgage debt for single-family homes decreased dramatically between 2011 and 2012 but has subsequently been rising in fits and starts.[9]
  • In the third quarter of 2009, 26% of mortgaged homes in the United States homeowner population were in negative equity because of the great recession.[9]
  • The conditional median value of home-secured debt for families in the United States decreased by 2% from USD117,500 in 2010 to 115,000 in 2013, again based on the most recent census data.[9]
  • In fact, Fannie Mae forecast that residential mortgage originations will reach a record level nationwide in 2020.[9]
  • Mortgage and home-secured debt were a little over 85 trillion dollars as of 2013 and the most recent us census, a 12% decline from peak levels reported in the last quarter of 20.08.[9]
  • At the end of Q2 2018, home equity debt accounted for 71% of all household debt.[9]
  • Approximately 43% of mortgaged properties, or approximately 22 million residences, were still in negative equity as of the end of the second quarter of 2018.[9]
  • The federal reserve’s FOMC reduced interest rates twice as the world economy collapsed, declared limitless quantitative easing, and provided forward guidance showing they were unlikely to raise rates until 2023.[9]
  • Preapproval requests were accepted 77.59% of the time in 2004 and 2017, while 22.41% were denied.[9]
  • According to CoreLogic’s estimates, U.S. homeowners’ equity climbed by an average of 16,200 during the second quarter of 2018, while it increased by as high as 480.00 in important states like California.[9]
  • Some FHA loans allow borrowers with credit scores as low as 500 provided they make a 10% down payment.[9]
  • Doug Duncan, the chief economist of Fannie Mae, predicts that the 30-year fixed rate will be 2.8% through 2021 and 2.9% through 2022.[9]
  • Payment profiles younger purchasers are more likely to depend on financing than customers 64 and older, accounting for 88% of all purchases.[9]
  • First purchasers dropped to its lowest proportion since 1981 for first-time buyers joining the home market.[9]
  • Mortgage rates are projected to be 3% in 2021 by Freddie Mac and the national association of homebuilders, 32% by the national association of realtors, and 28.9% by Wells Fargo.[9]
  • Families having debt secured by their houses decreased from 47% to 42.9% between 2010 and 2013.[9]
  • The Hoosier state’s typical house price has been stagnating at around $120,000 for the last year, with property values rising by barely 18%.[9]
  • In the fourth quarter of 2007, households spent 13.22% of their personal disposable income on debt servicing.[9]
  • Residence profiles 16% of purchasers acquired a townhouse or condo, compared to 79% of buyers who bought detached single.[9]
  • Mississippi housing costs are expected to recover more slowly than other regions of the nation, with an annual rise of 15% to 18%.[9]
  • First-time buyers made up 33% of the U.S. home market in 2014, a five-point decline from the year before.[9]
  • Early in 2008, household debt as a percentage of GDP was 99.19%; by the end of 2016, it had decreased to 80.1%.[9]
  • In reality, mortgages created after 2009 currently make up just 15% of substantially overdue loans but account for close to 62% of all active loans.[9]
  • Between 2017 and 2018, the volume of all residential mortgages produced fell by over 7% because of higher rates.[9]
  • In fact, by 2008, 45% of mortgages were found to be substantially late or in default, about double the levels of 2002.[9]
  • Kentucky’s home prices have increased by 10% over the last year, but over the next year or longer, they are expected to increase by another 30%.[9]
  • Specifically focusing on mortgage debt in the fourth quarter of 2007, homeowners paid 72.2% of their personal disposable income on mortgage debt servicing.[9]
  • Meaning that you would likely get a reduction on the loan’s APR of 0.25% if your credit score increased by 100 points.[9]
  • In 2021 and 2022, according to Mike Fratantoni, the 30-year fixed rate will be 3.3% and 3.6%, respectively.[9]
  • Despite making up just around 38% of all outstanding house loans, mortgage loans that date back to the early to mid-2000s continue to have the highest proportion of delinquencies.[9]
  • The 2022 conforming loan ceiling for single-family houses was increased by the Federal Housing Finance Agency in November 2021 from 548,250 to 647,200, a rise of 98,950 or 18.05%.[9]
  • Homeowners’ equity increased by an average of 12.3%, or $980.9 billion, during the previous 12 months.[9]
  • Currently, 63% of American houses with current mortgages have around 8.956 trillion in equity.[9]
  • According to the IMF, the global GDP was 86.927 trillion dollars in 2018, or 134.981 trillion dollars when measured using purchasing power parity.[9]
  • The NAHB predicted that 30-year fixed rates would increase to 5.08% in 2020 and that arms would increase from 2019 predictions of 4.46% to 4.63%.[9]
  • While the anticipated average rate for 2019 was 51.3%, the actual average rate for the entire year was 3.94%.[9]
  • The largest recovery from the worldwide crisis of 2008 to 2009 occurred in Q4 of 2010, when mortgage debt decreased by 4.21%.[9]
  • The conditional mean value of mortgage-backed debt over the same time period decreased from 165,400 to 156,700, showing a 5% decline in the typical mortgage-backed debt held by U.S. households.[9]
  • The following federal reserve information shows how mortgage debt has increased over time. The overall amount of mortgage debt has recently been increasing at a pace of around 3.5% to 3.7% every year.[9]
  • At the end of 2017, the value of the global real estate market, which makes up around 60% of all conventional assets, was 280.6 trillion.[9]
  • The average price of a property in the aloha state has increased by 2.38% in the last year, reaching $430,000.[9]
  • Over the last five years, the statistical makeup of property purchasers has not altered, with 65% of them being married couples. 16% of lone women, 9% of males are single, and 8% are single couples.[9]
  • Prices are expected to increase by up to 5.25% during the next several years, continuing the pattern.[9]
  • This charge was put in place to assist shield the GSEs against losses associated with COVID-19 that are expected to total $6 billion.[9]
  • Due in part to decreasing interest rates after the 2008–2009 financial crisis and falling debt levels relative to GDP, this decreased to 9.84% at the end of the second quarter of 2018.[9]
  • Home builders had one of the worst performances in the domestic stock market over the first nine months of 2018, which negated a staggering 76% total return they had in 2017.[9]
  • According to a May 2022 NerdWallet study of statistics from the national center for education statistics, a 2022 high school graduate may expect to borrow $39,500 for their bachelor’s degree.[10]
  • Women borrow more money for college than males do, and they also graduate from college at a higher rate, according to statistics from the American Association of University Women from 2020.[10]
  • To get a bachelor’s degree, 42% of those students are expected to accrue student debt over five years on average.[10]
  • Out of 495407 petitions, 131811 were granted as borrower defenses to repayment, which is 26.6%.[10]
  • According to the national college access network, high school graduates who complete the FAFSA are 84% more likely to enroll right away in higher education.[10]
  • The US Department of Education owns the majority of student loans—roughly 92% —according to a July 2021 analysis by MeasureOne, a company that collects academic data.[10]
  • The FAFSA completion rate for 2021 high school graduates is 56.9%, 46% of 2021 high school grads did not submit their FAFSA forms.[10]
  • According to MeasureOne, private student loans account for 7.89% of all outstanding student loans in the U.S.[10]
  • 164,555 petitions for public service loan forgiveness were granted for discharge, representing a 9.77% approval rate.[10]
  • NerdWallet’s 2021 family debt analysis estimates that the typical U.S. household with college debt owes USD58,957.[10]
  • Most of those with student loan debt are between the ages of 25 and 34, but according to government statistics, individuals between the ages of 35 and 49 owe the most—over 600 billion dollars.[10]
  • 97% overall default rate federal income-driven repayment programs set monthly payments at 10% to 20% of discretionary income and, depending on the program, forgive the remaining amount after 20 or 25 years.[10]

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How Useful is Loan Origination

One of the primary benefits of loan origination is the access to credit that it provides to individuals and businesses. Whether it’s purchasing a car, buying a home, or investing in a new venture, loans are often essential in helping people achieve their goals and dreams. By streamlining the loan origination process, financial institutions can make credit more accessible to a broader range of individuals, including those who may not have a perfect credit history.

Not only does loan origination increase access to credit, but it also helps ensure that loans are granted in a responsible and well-documented manner. Through rigorous underwriting processes and thorough due diligence, lenders can evaluate an applicant’s creditworthiness and ability to repay the loan. This not only protects the lender from unnecessary risk but also helps borrowers avoid getting in over their heads with debt that they cannot afford to repay.

Furthermore, the loan origination process sets the stage for a positive borrower-lender relationship. By providing clear expectations and transparent communication throughout the application process, borrowers are more likely to feel confident in their lending institution and choose to do business with them in the future. In turn, this can help financial institutions build a loyal customer base and ultimately grow their loan portfolio.

Moreover, loan origination serves as a critical risk management tool for financial institutions. By carefully evaluating the creditworthiness of borrowers and assessing the potential risks associated with each loan, lenders can make informed decisions that help protect their bottom line and ensure the long-term stability of their organization. This due diligence is particularly important in today’s economic climate, where market uncertainties and fluctuating interest rates can pose challenges for lenders of all sizes.

In conclusion, loan origination is an essential process within the lending industry that serves a variety of critical functions, from expanding access to credit to managing risk and fostering positive borrower-lender relationships. By investing in efficient loan origination processes and technologies, financial institutions can position themselves for success in a competitive marketplace and better serve the needs of their customers. As the backbone of the lending process, loan origination plays a vital role in ensuring that credit is extended responsibly and that both borrowers and lenders can benefit from a successful and sustainable financial relationship.


  1. richeymay –
  2. attomdata –
  3. attomdata –
  4. bankrate –
  5. fbi –
  6. firstrepublic –
  7. freddiemac –
  8. lendingtree –
  9. mortgagecalculator –
  10. nerdwallet –
  11. federalreserve –
  12. fhfa –

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