Current: 2015 Volume 101
This article provides an overview of the 2014 data reported under the Home Mortgage Disclosure Act of 1975 and analyzes mortgage market activity over time as well as lending patterns across different demographic groups and lender types. The number of home-purchase originations was about 4 percent higher in 2014 than in 2013, while the number of refinance loans was 55 percent lower. We document an increasing share of mortgage loans originated by independent, nondepository mortgage companies. In addition, we analyze the possible effects of recent changes to rules regulating the mortgage market.
July 31Legal Developments: Second Quarter, 2015
Five orders were issued this quarter; one for Chemical Financial, BB&T Corporation, Sterling Bancorp, and Merchants & Farmers Bancshares, Inc. under Section 3 of the Bank Holding Company Act; and one for The Bank of Versailles under the Federal Reserve Act.
May 19Legal Developments: First Quarter, 2015
Twelve orders were issued this quarter; one for IBERIABANK Corporation, Hillister Enterprises, II, Inc., KSRS, LLC, and Sumitomo Mitsui Financial Group, Inc. and two for Simmons First National Corporation under Section 3 of the Bank Holding Company Act; one for Banco Popular de Puerto Rico, Banco Popular North America, Centennial Bank, Comerica Bank, and First Farmers Bank & Trust under the Federal Reserve Act; and one for Taiwan Cooperative Bank, Ltd. under the International Banking Act.
February 3Legal Developments: Fourth Quarter, 2014
Six orders were issued this quarter, one for First American Bank Corporation and ViewPoint Financial Group, Inc. under Section 3 of the Bank Holding Company Act, one for Midland States Bancorp, Inc. and Southside Bancshares, Inc. under Section 4 of the Bank Holding Company Act, and one for Central Bank of Audrain County and Veritex Community Bank under the Federal Reserve Act.