Board of Governors of the Federal Reserve System
Federal Reserve Board of Governors

Federal Reserve
BULLETIN

Current Bulletin

Accessible Versions of Figures

Figure 1. Volume of refinance originations and prime rate, 2012-14

Period Refinance originations
(Thousands of loans)		 Prime rate
(Percentage points)
January 2012 438.37 3.92
February 2012 504.46 3.89
March 2012 536.32 3.95
April 2012 490.82 3.91
May 2012 485.91 3.80
June 2012 489.08 3.68
July 2012 534.68 3.55
August 2012 624.91 3.60
September 2012 564.59 3.50
October 2012 675.66 3.38
November 2012 611.79 3.35
December 2012 632.94 3.35
January 2013 632.18 3.41
February 2013 578.71 3.53
March 2013 585.36 3.57
April 2013 567.03 3.44
May 2013 549.97 3.54
June 2013 483.20 4.07
July 2013 440.89 4.37
August 2013 335.20 4.46
September 2013 248.21 4.49
October 2013 225.66 4.19
November 2013 203.48 4.26
December 2013 206.00 4.46
January 2014 167.43 4.43
February 2014 148.21 4.30
March 2014 174.35 4.34
April 2014 175.03 4.34
May 2014 167.50 4.19
June 2014 177.30 4.16
July 2014 186.68 4.13
August 2014 188.08 4.11
September 2014 198.62 4.16
October 2014 206.45 4.04
November 2014 206.12 4.00
December 2014 246.14 3.86

Note: The data are monthly. Loans are first-lien mortgages excluding those for multifamily housing. The prime rate is the average interest rate on 30-year fixed-rate mortgages being offered to high-quality prime borrowers reported by Freddie Mac in its Primary Mortgage Market Survey.

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Figure 2. Number of home-purchase and refinance mortgage originations reported under the Home Mortgage Disclosure Act, 1994-2014

A. Home purchase
Period Millions of loans
1994 3.18
1995 3.11
1996 3.49
1997 3.59
1998 4.20
1999 4.45
2000 4.37
2001 4.48
2002 4.57
2003 4.92
2004 4.79
2005 4.96
2006 4.43
2007 3.45
2008 2.63
2009 2.45
2010 2.22
2011 2.07
2012 2.34
2013 2.68
2014 2.80

Note: The data are annual. Mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later.

B. Refinance
Period Millions of loans
1994 2.21
1995 1.44
1996 2.33
1997 2.54
1998 6.31
1999 4.05
2000 2.24
2001 7.36
2002 9.59
2003 14.10
2004 6.50
2005 5.77
2006 4.47
2007 3.66
2008 2.93
2009 5.30
2010 4.52
2011 3.86
2012 5.93
2013 4.38
2014 1.95

Note: The data are annual. Mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later.

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Figure 3. Volume of home-purchase originations, 2011-14

Thousands of loans
Period Seasonally adjusted Not seasonally adjusted
January 2011 198.25 135.00
February 2011 189.77 137.75
March 2011 203.55 194.91
April 2011 195.01 199.86
May 2011 188.96 218.48
June 2011 202.49 250.88
July 2011 189.67 223.56
August 2011 206.42 238.93
September 2011 207.33 213.28
October 2011 191.85 192.33
November 2011 202.49 184.48
December 2011 211.09 198.24
January 2012 209.28 143.82
February 2012 223.54 160.32
March 2012 222.44 211.98
April 2012 214.79 219.56
May 2012 223.41 259.30
June 2012 221.56 273.67
July 2012 215.66 254.50
August 2012 234.30 275.00
September 2012 218.11 223.49
October 2012 236.50 237.07
November 2012 246.64 222.49
December 2012 229.60 216.37
January 2013 246.33 170.43
February 2013 241.99 172.82
March 2013 243.14 229.90
April 2013 252.94 257.55
May 2013 259.25 302.17
June 2013 248.92 306.22
July 2013 272.73 322.54
August 2013 268.06 317.81
September 2013 259.35 265.23
October 2013 256.88 258.92
November 2013 252.49 225.82
December 2013 249.83 235.47
January 2014 249.75 173.14
February 2014 243.27 173.69
March 2014 240.10 226.23
April 2014 255.17 258.68
May 2014 259.69 302.52
June 2014 267.21 327.76
July 2014 276.30 327.94
August 2014 261.51 311.96
September 2014 281.25 286.84
October 2014 288.06 292.43
November 2014 259.07 231.21
December 2014 286.44 268.20

Note: The data are monthly. Loans are first-lien home-purchase mortgage originations.

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Figure 4. Nonconventional share of home-purchase mortgage originations, 1994-2014

Percent
Period FSA/RHS VA FHA Conventional
1994 0.21 6.56 15.74 77.49
1995 0.31 6.47 16.65 76.57
1996 0.46 5.90 18.21 75.44
1997 0.53 5.38 19.26 74.84
1998 0.60 5.11 17.32 76.97
1999 0.49 4.35 18.61 76.55
2000 0.36 3.76 17.90 77.98
2001 0.43 3.71 18.25 77.61
2002 0.41 3.28 15.37 80.94
2003 0.48 2.88 12.11 84.53
2004 0.45 2.55 9.05 87.95
2005 0.40 2.28 6.15 91.17
2006 0.44 2.60 6.35 90.60
2007 0.82 3.20 8.22 87.77
2008 2.15 5.60 29.49 62.76
2009 4.79 7.50 41.58 46.13
2010 3.85 7.97 40.85 47.33
2011 5.39 9.05 35.44 50.12
2012 5.34 8.88 30.50 55.28
2013 4.83 9.09 23.65 62.43
2014 4.76 10.26 21.25 63.73

Note: The data are annual. Home-purchase mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later. Nonconventional loans are those insured by the Federal Housing Administration (FHA) or backed by guarantees from the U.S. Department of Veterans Affairs (VA), the Farm Service Agency (FSA), or the Rural Housing Service (RHS).

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Figure 5. Nonconventional share of originations, by borrower race, ethnicity, and income, 2014

A. Home purchase
Percent of originations
Low or moderate income Middle income High income
Asian 25.40 20.31 8.63
Black or African American 73.55 72.22 56.60
Hispanic white 65.60 64.77 48.10
Non-Hispanic white 46.48 41.20 21.61

Note: The data are annual. Mortgage originations for first-lien, one- to four-family, owner-occupied properties. For definition of borrower race and ethnicity, see table 2, note 1. For explanation of borrower income, see table 2, note 3. For definition of nonconventional loans, see table 5, note 1.


B. Refinance
Percent of originations
Low or moderate income Middle income High income
Asian 4.90 5.52 3.17
Black or African American 19.64 23.86 22.31
Hispanic white 11.50 12.59 12.19
Non-Hispanic white 12.28 12.34 7.89

Note: The data are annual. Mortgage originations for first-lien, one- to four-family, owner-occupied properties. For definition of borrower race and ethnicity, see table 2, note 1. For explanation of borrower income, see table 2, note 3. For definition of nonconventional loans, see table 5, note 1.

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Figure 6. Percentiles of approximate debt-to-income ratios for home-purchase mortgages, by borrower race, ethnicity, and income, 2013 and 2014

A. Race and ethnicity
Percent
90th percentile
2013		 90th percentile
2014		 99th percentile
2013		 99th percentile
2014
Asian 30 31 38 38
Black or African American 29 29 37 37
Hispanic white 31 32 39 39
Non-Hispanic white 26 26 35 35

Note: The data are annual. First-lien home-purchase mortgages for one- to four-family, owner-occupied, site-built homes. The data for 2014 are restricted to loans with an application date on or after January 10, 2014. For definition of borrower race and ethnicity, see table 2, note 1.


B. Income
Percent
90th percentile
2013		 90th percentile
2014		 99th percentile
2013		 99th percentile
2014
Low or moderate income 31 31 39 39
Middle income 27 28 36 36
Higher income 22 23 32 32

Note: The data are annual. First-lien home-purchase mortgages for one- to four-family, owner-occupied, site-built homes. The data for 2014 are restricted to loans with an application date on or after January 10, 2014. For explanation of borrower income, see table 2, note 3.

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Figure 7. Number of originations near HOEPA spread thresholds, 2013 and 2014

A. Manufactured and loan amount ≥ $50,000 or site built
Number of loans
Spread over the APOR
(percentage points)		 2013 2014
6.05 223 624
6.10 169 372
6.15 192 332
6.20 148 621
6.25 170 640
6.30 178 435
6.35 124 422
6.40 144 633
6.45 177 802
6.50 128 972
6.55 149 45
6.60 137 31
6.65 128 19
6.70 105 24
6.75 154 14
6.80 149 7
6.85 127 8
6.90 122 9
6.95 136 14
7.00 140 9

Note: The data are annual. First-lien mortgage originations for owner-occupied properties clustered into bins of 0.05 percentage point. The data for 2014 are restricted to loans with an application date on or after January 10, 2014. HOEPA is Home Ownership and Equity Protection Act; APOR is average prime offer rate.


B. Manufactured and loan amount < $50,000
Number of loans
Spread over the APOR
(percentage points)		 2013 2014
8.05 74 200
8.10 94 181
8.15 76 272
8.20 75 303
8.25 67 198
8.30 61 375
8.35 83 264
8.40 75 509
8.45 90 443
8.50 88 642
8.55 84 13
8.60 72 7
8.65 75 10
8.70 55 3
8.75 53 3
8.80 60 4
8.85 54 4
8.90 66 2
8.95 80 1
9.00 81 2

Note: The data are annual. First-lien mortgage originations for owner-occupied properties clustered into bins of 0.05 percentage point. The data for 2014 are restricted to loans with an application date on or after January 10, 2014. HOEPA is Home Ownership and Equity Protection Act; APOR is average prime offer rate.

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Figure 8. Market shares, by lender type, 1995-2014

A. Home purchase
Percent
Period Credit union Small bank Large bank Affiliated mortgage company Independent mortgage company
1995 1.49 9.66 28.89 26.92 33.00
1996 1.68 9.38 28.95 27.34 32.61
1997 1.83 9.50 25.96 32.68 30.00
1998 1.55 6.36 25.26 33.80 33.02
1999 1.76 5.98 26.09 35.28 30.78
2000 1.89 5.73 27.81 35.86 28.57
2001 1.81 5.43 25.79 35.88 31.09
2002 1.92 5.22 26.04 38.50 28.21
2003 1.79 4.70 24.73 37.43 31.31
2004 2.09 4.75 35.16 27.74 30.26
2005 2.11 4.27 35.30 25.00 33.32
2006 2.27 4.06 35.64 24.45 33.58
2007 3.02 5.02 47.20 21.52 23.25
2008 3.83 6.30 50.59 12.36 26.92
2009 3.50 7.21 45.93 10.72 32.64
2010 3.67 7.88 42.35 11.37 34.73
2011 4.31 7.90 40.57 9.76 37.46
2012 4.94 8.28 36.26 9.25 41.26
2013 5.65 8.36 34.42 8.73 42.84
2014 6.35 8.06 31.57 6.77 47.25

Note: The data are annual. Mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later. Small banks are part of organizations with less than $1 billion in assets, measured in 2014 dollars. Large banks are all other banks.

Source: FFIEC HMDA data; bank asset data drawn from Federal Deposit Insurance Corporation Reports of Condition and Income.


B. Refinance
Percent
Period Credit union Small bank Large bank Affiliated mortgage company Independent mortgage company
1995 4.46 12.74 32.97 19.61 30.12
1996 4.33 11.54 35.69 20.65 27.71
1997 3.66 10.76 29.97 22.36 33.21
1998 3.22 7.43 31.58 29.32 28.42
1999 3.70 6.50 35.45 27.53 26.77
2000 3.67 6.03 40.16 25.98 24.05
2001 3.66 5.79 33.68 34.24 22.62
2002 3.72 5.35 33.62 37.52 19.73
2003 3.70 4.85 32.66 36.12 22.65
2004 3.00 3.98 37.52 26.75 28.76
2005 2.99 3.56 37.10 24.65 31.69
2006 3.07 3.46 34.98 26.06 32.43
2007 4.10 4.23 45.62 25.11 20.95
2008 6.79 6.65 52.25 14.41 19.91
2009 6.93 7.33 53.95 9.81 21.98
2010 6.87 7.29 54.10 9.50 22.25
2011 7.68 6.62 55.92 7.27 22.51
2012 7.69 7.07 50.40 5.94 28.89
2013 8.01 5.80 49.34 5.86 31.00
2014 9.27 6.37 37.58 4.48 42.30

Note: The data are annual. Mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later. Small banks are part of organizations with less than $1 billion in assets, measured in 2014 dollars. Large banks are all other banks.

Source: FFIEC HMDA data; bank asset data drawn from Federal Deposit Insurance Corporation Reports of Condition and Income.

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Figure 9. Share of home-purchase loans originated by independent mortgage companies, by loan type, 1995-2014

Percent
Period Conforming Jumbo Nonconventional
1995 29.60 21.51 46.15
1996 28.82 19.37 46.63
1997 25.00 22.75 45.55
1998 29.31 26.56 46.21
1999 27.04 21.50 44.60
2000 24.78 19.65 43.93
2001 28.09 20.86 43.49
2002 25.84 19.91 40.66
2003 29.70 24.62 42.82
2004 29.39 26.66 39.36
2005 33.17 30.56 38.78
2006 33.07 30.77 40.67
2007 21.69 15.86 37.54
2008 20.25 7.33 38.97
2009 23.06 6.82 41.29
2010 26.01 9.14 43.18
2011 28.89 9.76 47.00
2012 33.00 11.91 52.96
2013 35.85 13.23 56.95
2014 40.85 16.01 61.83

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties. Conforming loans have a loan amount below the single-family loan-size limit for eligibility for purchase by a government-sponsored enterprise. For definition of jumbo loans, see table 9, note 5; for definition of nonconventional loans, see table 5, note 1.

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Figure 10. Market share of independent mortgage companies, by state, 2014

  • 59-75 percent
    • AZ
    • CA
    • CO
    • NH
    • NV
    • OR
    • UT
  • 44-58 percent
    • CT
    • DC
    • DE
    • FL
    • GA
    • HI
    • ID
    • IN
    • LA
    • MD
    • ME
    • NJ
    • NM
    • PA
    • TX
    • VA
    • WA
  • 29-43 percent
    • AL
    • IL
    • KY
    • MA
    • MI
    • MN
    • MO
    • NC
    • NY
    • OH
    • OK
    • RI
    • SC
    • TN
    • WY
  • 13-28 percent
    • AK
    • AR
    • IA
    • KS
    • MS
    • MT
    • ND
    • NE
    • SD
    • VT
    • WI
    • WV

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties.

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Figure 11. Loans sold by independent mortgage companies, by type, purpose, and purchaser of the loan, 1995-2014

A. Conventional conforming loans sold to a GSE
Percent
Period Home purchase Refinance
1995 45.70 34.60
1996 40.08 37.52
1997 38.33 19.72
1998 39.38 40.61
1999 43.29 36.56
2000 39.32 17.66
2001 36.74 35.24
2002 25.71 22.37
2003 21.46 25.58
2004 14.59 8.94
2005 9.78 7.44
2006 10.23 4.59
2007 20.94 14.22
2008 22.20 21.30
2009 22.32 27.56
2010 21.71 26.07
2011 19.58 28.21
2012 33.38 53.82
2013 42.27 67.73
2014 50.87 74.71

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties. GSE is government-sponsored enterprise. Conforming loans have a loan amount below the single-family loan-size limit for eligibility for purchase by a GSE.


B. Nonconventional loans securitized with Ginnie Mae guarantee
Percent
Period Home purchase Refinance
1995 29.68 37.23
1996 36.82 40.76
1997 35.87 40.95
1998 37.93 49.76
1999 39.83 36.97
2000 37.26 30.15
2001 34.16 36.66
2002 25.06 16.01
2003 19.16 14.24
2004 16.37 5.67
2005 12.92 5.40
2006 11.97 6.76
2007 18.92 18.10
2008 14.69 10.43
2009 12.01 12.20
2010 10.09 20.42
2011 13.68 40.80
2012 22.51 52.25
2013 30.90 64.39
2014 39.93 78.11

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties. For definition of nonconventional loans, see table 5, note 1.

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Figure 12. Share of home-purchase loans originated by independent mortgage companies, by borrower race and ethnicity and by neighborhood income, 1995-2014

A. Borrower race and ethnicity
Percent
Period Asian Black or African American Hispanic white Non-Hispanic white
1995 32.57 38.96 43.47 29.52
1996 30.57 40.51 45.99 29.45
1997 27.46 39.31 43.85 26.16
1998 30.66 42.40 44.94 28.70
1999 27.38 37.22 40.09 26.48
2000 23.86 34.61 36.80 25.23
2001 28.12 39.09 38.96 27.64
2002 23.95 36.80 37.23 24.08
2003 28.21 38.54 38.42 26.46
2004 27.71 39.93 37.23 26.36
2005 31.40 42.28 41.25 28.66
2006 32.43 43.08 41.59 29.40
2007 21.55 27.47 24.52 22.25
2008 23.28 34.85 34.32 25.51
2009 32.10 39.76 47.00 30.27
2010 35.65 41.76 49.14 32.58
2011 35.85 43.46 50.74 35.18
2012 40.85 49.38 56.27 38.79
2013 41.79 50.38 58.30 40.90
2014 45.83 54.96 62.52 44.88

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties. For definition of borrower race and ethnicity, see table 2, note 1.


B. Neighborhood income
Percent
Period Low or moderate income Middle or high income
1995 36.37 32.59
1996 38.49 32.24
1997 33.28 28.54
1998 36.99 32.11
1999 33.12 29.90
2000 29.70 27.95
2001 32.68 30.28
2002 31.84 27.03
2003 35.35 30.13
2004 35.08 29.06
2005 38.36 31.94
2006 37.77 32.11
2007 23.23 22.58
2008 28.68 25.74
2009 36.00 31.29
2010 39.17 33.80
2011 41.62 36.98
2012 44.98 40.71
2013 47.49 42.26
2014 52.37 46.51

Note: The data are annual. Home-purchase mortgage originations for first-lien, one- to four-family, owner-occupied properties. For definition of neighborhood income, see table 2, note 4.

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Figure 13. CRA share of home-purchase loans, by bank size, borrower race and ethnicity, and neighborhood income, 1995-2014

A. Small banks
Percent
Period Asian Black or African American Hispanic white Non-Hispanic white Low or moderate income Middle or high income
1995 71.72 74.97 81.42 77.30 85.52 79.67
1996 67.56 69.43 77.28 75.29 82.37 76.70
1997 71.59 68.98 77.89 75.69 82.12 77.60
1998 66.22 66.21 74.38 76.23 80.73 77.74
1999 66.92 66.90 71.71 75.91 78.98 75.40
2000 64.35 65.67 73.55 75.00 76.76 74.15
2001 68.51 64.16 71.80 75.46 76.59 74.41
2002 67.11 63.44 71.46 74.07 75.21 73.01
2003 66.37 64.79 70.76 73.40 73.87 71.95
2004 61.12 56.81 71.02 71.17 71.72 69.41
2005 55.76 59.28 66.55 70.86 71.15 69.47
2006 56.26 59.13 64.10 72.70 71.70 71.29
2007 59.46 58.79 64.19 71.52 70.00 70.29
2008 58.90 52.41 62.22 69.28 66.77 67.63
2009 65.25 53.09 62.65 67.61 67.33 65.89
2010 58.56 46.70 59.88 63.87 62.04 61.99
2011 54.84 48.33 57.15 61.80 60.99 60.92
2012 58.31 51.80 60.05 61.87 63.78 62.64
2013 58.85 51.03 61.53 61.59 63.23 61.73
2014 53.67 42.01 55.86 58.53 57.65 57.97

Note: The data are annual. First-lien mortgages for one- to four-family, owner-occupied, site-built homes. Community Reinvestment Act (CRA) share refers to the fraction of loans originated in a county in which the originating bank operates a branch office. Small banks are part of organizations with less than $1 billion in assets, measured in 2014 dollars. Large banks are all other banks. For definition of borrower race and ethnicity, see table 2, note 1; for definition of neighborhood income, see table 2, note 4.

Source: FFIEC HMDA data; bank asset data drawn from Federal Deposit Insurance Corporation Reports of Condition and Income.


B. Large banks
Percent
Period Asian Black or African American Hispanic white Non-Hispanic white Low or moderate income Middle or high income
1995 81.30 76.50 80.65 75.34 78.99 76.68
1996 71.97 65.32 70.25 65.09 68.34 66.01
1997 73.62 57.44 70.21 64.16 65.35 65.26
1998 72.48 64.79 74.11 65.60 68.39 66.41
1999 72.51 66.80 73.48 65.37 67.99 65.91
2000 73.13 66.54 71.44 66.03 67.25 66.19
2001 72.39 65.79 71.91 65.52 67.13 65.84
2002 71.70 61.90 67.98 63.70 64.85 64.24
2003 68.17 59.15 64.29 63.21 63.52 62.94
2004 56.47 41.53 52.57 52.96 50.81 52.18
2005 53.90 37.39 49.73 51.70 48.76 50.62
2006 57.56 40.50 49.60 52.90 50.58 51.75
2007 57.94 48.09 54.45 51.03 54.04 50.98
2008 76.68 66.41 74.15 64.28 69.30 65.86
2009 78.52 68.72 75.62 66.83 71.25 68.25
2010 76.94 70.23 76.68 67.43 71.73 68.80
2011 73.70 69.94 75.23 67.01 71.25 68.03
2012 75.68 70.65 76.67 69.75 72.98 70.15
2013 77.01 69.76 76.38 69.71 73.01 70.20
2014 74.02 66.86 72.86 67.09 69.80 67.42

Note: The data are annual. First-lien mortgages for one- to four-family, owner-occupied, site-built homes. Community Reinvestment Act (CRA) share refers to the fraction of loans originated in a county in which the originating bank operates a branch office. Small banks are part of organizations with less than $1 billion in assets, measured in 2014 dollars. Large banks are all other banks. For definition of borrower race and ethnicity, see table 2, note 1; for definition of neighborhood income, see table 2, note 4.

Source: FFIEC HMDA data; bank asset data drawn from Federal Deposit Insurance Corporation Reports of Condition and Income.

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Supplementary Table 1. Monthly applications and originations, 2004-14

2004
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 553,913 582,026 773,253 813,669 845,850 992,278 951,035 950,052 862,824 839,547 799,921 840,019
Originations 337,530 369,992 510,085 555,456 576,668 675,316 626,248 620,096 559,509 543,615 516,546 545,875
First lien, owner occupied 257,554 281,833 387,360 420,882 435,972 512,213 470,495 461,234 409,786 394,097 371,326 386,460
Site-built, conventional 213,617 232,605 321,303 353,599 370,077 441,967 406,508 400,098 356,494 343,973 325,691 340,740
Site-built, nonconventional 36,455 40,586 54,042 55,441 53,985 57,470 51,873 49,048 42,400 39,109 36,049 36,486
FHA share (percent) 76.5 76.3 76.4 76.1 75.0 74.3 73.5 73.5 73.4 73.4 73.4 72.1
VA share (percent) 20.0 20.4 20.1 20.1 21.1 21.8 22.5 22.3 22.5 22.7 22.9 23.7
FSA/RHS share (percent) 3.5 3.4 3.5 3.9 4.0 3.9 4.0 4.1 4.1 3.9 3.8 4.2
Manufactured, conventional 6,216 7,175 10,066 9,903 9,777 10,400 9,840 9,752 8,811 8,907 7,654 7,149
Manufactured, nonconventional 1,266 1,467 1,949 1,939 2,133 2,376 2,274 2,336 2,081 2,108 1,932 2,085
First lien, non-owner occupied 48,257 51,427 69,894 75,424 75,793 83,367 78,404 79,383 74,194 73,712 71,142 75,998
Junior lien, owner occupied 29,797 34,553 49,773 55,653 61,200 75,467 72,799 74,543 70,299 70,009 67,746 75,881
Junior lien, non-owner occupied 1,922 2,179 3,058 3,497 3,703 4,269 4,550 4,936 5,230 5,797 6,332 7,536
Refinance
Applications 1,166,354 1,303,871 1,678,962 1,741,368 1,437,118 1,317,266 1,178,539 1,229,904 1,186,290 1,249,352 1,286,536 1,309,911
Originations 498,658 648,102 888,103 989,964 737,233 600,605 470,549 514,640 503,932 552,629 597,890 588,775
First lien, owner occupied 426,439 563,434 779,828 873,355 636,248 505,210 389,814 430,107 423,084 465,566 509,158 494,468
Site-built, conventional 393,197 521,486 722,950 819,999 599,397 478,276 370,382 408,781 402,451 443,217 483,561 471,373
Site-built, nonconventional 27,359 35,445 48,273 45,133 29,270 19,443 13,166 14,428 14,149 15,714 18,496 16,412
FHA share (percent) 70.5 64.6 66.3 63.3 64.0 65.8 68.1 73.8 76.7 77.8 75.0 74.9
VA share (percent) 29.3 35.2 33.5 36.5 35.8 33.9 31.6 25.9 23.0 21.9 24.8 24.8
FSA/RHS share (percent) .2 .2 .2 .2 .2 .3 .3 .3 .2 .3 .2 .3
Manufactured, conventional 5,438 5,967 7,826 7,557 6,990 6,876 5,775 6,348 5,963 6,127 6,481 6,091
Manufactured, nonconventional 445 536 779 666 591 615 491 550 521 508 620 592
First lien, non-owner occupied 45,740 52,130 65,745 72,323 59,280 52,309 42,409 43,427 42,170 45,251 45,839 51,049
Junior lien, owner occupied 25,722 31,687 41,526 43,169 40,707 41,971 37,318 40,107 37,652 40,684 41,580 41,797
Junior lien, non-owner occupied 757 851 1,004 1,117 998 1,115 1,008 999 1,026 1,128 1,313 1,461
Home improvement
Applications 128,367 148,071 196,092 200,441 199,783 215,082 200,147 206,613 187,900 185,402 171,733 160,075
Originations 51,107 62,672 82,032 90,003 92,918 97,360 87,118 89,536 80,884 83,202 75,560 71,611
Multifamily1
Applications 4,256 4,277 5,537 5,465 5,393 6,139 5,385 5,157 4,751 4,875 4,461 5,356
Originations 3,289 3,238 4,290 4,281 4,309 4,926 4,255 4,000 3,721 3,642 3,455 4,151

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2005
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 660,072 687,742 920,336 976,796 1,038,374 1,172,042 1,070,746 1,185,462 1,077,967 991,667 953,721 949,591
Originations 394,911 427,402 598,999 615,178 668,462 766,384 696,205 760,201 687,713 607,411 584,936 582,699
First lien, owner occupied 273,568 295,260 410,645 421,364 457,667 524,070 471,763 508,594 450,456 396,662 378,984 374,530
Site-built, conventional 241,392 258,649 361,366 372,279 406,465 468,806 422,002 456,725 404,386 356,127 340,446 336,555
Site-built, nonconventional 24,227 27,949 37,988 37,572 39,343 42,624 38,428 39,490 34,763 30,046 29,199 29,160
FHA share (percent) 70.5 70.5 70.6 70.0 69.4 68.2 67.9 67.5 66.9 67.7 66.9 66.8
VA share (percent) 24.9 25.4 25.0 25.2 25.9 26.8 27.5 27.8 27.8 27.8 27.9 28.3
FSA/RHS share (percent) 4.5 4.1 4.4 4.8 4.7 5.0 4.7 4.8 5.2 4.5 5.2 4.8
Manufactured, conventional 6,228 6,904 9,075 9,240 9,440 9,987 8,945 9,779 8,874 8,142 7,130 6,575
Manufactured, nonconventional 1,721 1,758 2,216 2,273 2,419 2,653 2,388 2,600 2,433 2,347 2,209 2,240
First lien, non-owner occupied 61,347 63,272 87,500 88,590 93,706 103,302 95,141 105,759 100,401 87,103 83,570 82,860
Junior lien, owner occupied 54,159 62,137 91,188 95,148 105,521 124,959 115,621 129,840 120,660 108,691 107,171 109,137
Junior lien, non-owner occupied 5,837 6,733 9,666 10,076 11,568 14,053 13,680 16,008 16,196 14,955 15,211 16,172
Refinance
Applications 1,146,000 1,165,695 1,418,834 1,292,739 1,269,995 1,386,704 1,362,018 1,543,129 1,371,973 1,382,233 1,313,306 1,254,066
Originations 479,279 512,262 650,096 550,596 554,159 616,497 639,308 734,018 623,062 637,480 579,185 530,689
First lien, owner occupied 399,543 428,363 541,859 448,402 451,783 504,615 529,039 601,473 501,001 510,211 450,241 403,176
Site-built, conventional 378,950 405,431 514,887 429,076 433,475 484,417 509,648 580,845 484,909 494,031 435,897 389,825
Site-built, nonconventional 14,568 16,789 19,358 12,573 11,615 13,136 13,098 13,377 9,768 9,837 8,494 7,974
FHA share (percent) 73.4 76.9 75.2 78.5 81.9 80.4 76.9 75.6 76.2 77.6 79.0 80.0
VA share (percent) 26.4 22.9 24.6 21.2 17.9 19.4 22.8 24.1 23.5 22.1 20.6 19.8
FSA/RHS share (percent) .2 .2 .2 .3 .2 .3 .3 .3 .3 .3 .4 .3
Manufactured, conventional 5,418 5,533 6,885 6,212 6,082 6,489 5,610 6,548 5,717 5,646 5,157 4,699
Manufactured, nonconventional 607 610 729 541 611 573 683 703 607 697 693 678
First lien, non-owner occupied 41,482 42,412 53,900 47,284 44,896 49,865 49,307 55,901 50,203 50,519 48,294 47,984
Junior lien, owner occupied 36,770 40,041 52,530 52,979 55,477 59,831 58,850 74,228 69,493 74,417 78,062 76,762
Junior lien, non-owner occupied 1,484 1,446 1,807 1,931 2,003 2,186 2,112 2,416 2,365 2,333 2,588 2,767
Home improvement
Applications 158,385 169,981 223,124 230,602 237,576 241,879 217,817 249,065 227,846 218,914 199,382 169,040
Originations 59,761 65,071 89,903 98,206 99,951 104,840 96,429 113,776 101,004 100,168 89,959 76,880
Multifamily1
Applications 4,475 4,117 5,403 5,144 4,806 5,462 4,669 5,255 4,941 4,468 4,508 4,655
Originations 3,425 3,159 4,117 4,101 3,691 4,309 3,598 4,222 3,914 3,433 3,504 3,743

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2006
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 754,803 746,210 1,001,832 891,277 1,037,205 1,094,057 954,560 1,052,273 897,802 890,138 808,367 800,342
Originations 423,341 456,007 627,104 560,227 660,787 712,837 592,133 650,188 556,139 527,446 491,125 482,988
First lien, owner occupied 267,051 292,544 405,310 366,813 437,688 476,826 396,337 432,914 366,236 346,961 323,693 316,966
Site-built, conventional 236,675 255,984 354,501 321,155 384,744 422,883 351,460 384,254 323,992 307,247 287,304 281,819
Site-built, nonconventional 21,449 26,974 38,229 34,472 40,186 41,250 33,961 36,063 31,009 28,724 26,765 26,567
FHA share (percent) 66.6 68.2 68.4 68.2 67.2 65.7 65.6 65.0 64.8 64.1 64.4 62.9
VA share (percent) 28.3 27.5 27.1 27.1 27.8 29.3 29.5 29.8 29.9 30.2 30.4 31.8
FSA/RHS share (percent) 5.0 4.3 4.5 4.6 5.0 4.9 4.9 5.3 5.4 5.7 5.2 5.3
Manufactured, conventional 6,982 7,530 9,676 8,686 9,861 9,789 8,463 9,649 8,564 8,380 7,370 6,228
Manufactured, nonconventional 1,945 2,056 2,904 2,500 2,897 2,904 2,453 2,948 2,671 2,610 2,254 2,352
First lien, non-owner occupied 66,962 66,676 87,879 74,614 85,060 86,514 71,626 79,308 70,237 67,216 61,934 61,706
Junior lien, owner occupied 76,944 83,942 116,755 104,491 122,309 133,694 111,255 123,281 106,380 101,747 94,604 93,488
Junior lien, non-owner occupied 12,384 12,845 17,160 14,309 15,730 15,803 12,915 14,685 13,286 11,522 10,894 10,828
Refinance
Applications 1,154,295 1,106,589 1,311,674 1,139,511 1,208,607 1,158,895 1,086,499 1,191,779 1,111,519 1,263,239 1,156,901 1,156,453
Originations 450,720 470,822 557,069 484,486 531,911 508,105 465,856 528,052 489,727 557,421 506,591 540,482
First lien, owner occupied 340,155 355,200 415,098 356,693 387,573 363,751 332,436 374,271 353,735 412,454 372,588 405,155
Site-built, conventional 326,740 340,157 397,390 341,835 371,324 349,409 319,239 359,861 339,785 395,927 357,227 388,396
Site-built, nonconventional 8,084 9,746 11,190 9,222 9,867 8,250 7,401 8,073 8,042 9,804 9,399 10,943
FHA share (percent) 84.6 84.6 85.8 86.8 87.3 89.9 90.3 90.7 90.1 88.6 86.1 86.7
VA share (percent) 15.1 15.1 14.0 13.0 12.4 9.9 9.5 9.0 9.8 11.2 13.6 13.0
FSA/RHS share (percent) .3 .3 .2 .2 .3 .2 .3 .3 .2 .2 .3 .3
Manufactured, conventional 4,626 4,538 5,484 4,758 5,327 5,114 4,872 5,361 4,908 5,535 4,908 4,627
Manufactured, nonconventional 705 759 1,034 878 1,055 978 924 976 1,000 1,188 1,054 1,189
First lien, non-owner occupied 40,001 40,994 49,676 42,052 45,423 45,860 39,571 47,595 44,173 49,993 48,522 53,559
Junior lien, owner occupied 68,143 72,022 89,187 82,927 95,696 95,107 90,832 102,445 88,471 91,305 81,927 77,913
Junior lien, non-owner occupied 2,421 2,606 3,108 2,814 3,219 3,387 3,017 3,741 3,348 3,669 3,554 3,855
Home improvement
Applications 164,031 166,035 222,687 218,905 245,999 246,232 222,791 242,406 202,989 211,451 183,917 153,384
Originations 69,312 73,348 100,012 101,793 115,384 115,762 104,774 113,318 96,183 97,038 81,435 71,372
Multifamily1
Applications 4,670 3,951 4,934 3,966 4,644 4,828 3,941 4,489 3,993 4,201 4,008 4,595
Originations 3,383 3,008 3,815 3,044 3,626 3,832 2,959 3,439 3,012 3,175 3,039 3,635

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2007
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 629,538 613,131 758,392 676,782 725,267 739,406 697,236 761,342 545,431 547,986 477,242 437,390
Originations 348,777 361,354 450,065 421,005 468,846 486,944 441,795 453,664 326,901 330,108 299,771 274,037
First lien, owner occupied 231,149 244,960 313,611 302,920 345,795 365,135 333,453 346,330 255,259 260,259 237,668 217,517
Site-built, conventional 204,717 214,658 273,142 261,968 299,133 316,139 286,556 293,518 210,503 211,470 191,954 173,230
Site-built, nonconventional 18,890 21,907 29,383 29,778 34,534 37,191 36,048 40,402 34,698 38,115 36,546 36,428
FHA share (percent) 61.2 62.8 64.0 63.6 63.9 63.7 64.8 66.1 67.6 68.9 68.8 69.6
VA share (percent) 32.2 30.9 29.3 28.9 28.8 29.0 27.9 26.7 25.1 23.7 24.2 23.8
FSA/RHS share (percent) 6.6 6.4 6.7 7.5 7.3 7.3 7.3 7.2 7.3 7.4 7.0 6.6
Manufactured, conventional 5,647 6,552 8,816 8,854 9,424 9,230 8,346 9,632 7,722 8,035 6,795 5,565
Manufactured, nonconventional 1,895 1,843 2,270 2,320 2,704 2,575 2,503 2,778 2,336 2,639 2,373 2,294
First lien, non-owner occupied 47,861 46,445 56,768 53,793 58,832 58,730 54,447 59,024 43,637 46,293 41,793 38,979
Junior lien, owner occupied 62,952 63,497 72,483 58,637 58,873 58,191 49,729 44,614 26,024 21,889 19,074 16,436
Junior lien, non-owner occupied 6,815 6,452 7,203 5,655 5,346 4,888 4,166 3,696 1,981 1,667 1,236 1,105
Refinance
Applications 1,094,369 988,840 1,140,588 1,080,604 1,094,749 1,008,700 964,601 1,059,414 775,272 862,791 757,550 738,704
Originations 472,258 428,871 483,487 474,605 477,200 418,796 380,655 368,962 293,341 355,001 317,040 347,659
First lien, owner occupied 354,240 318,814 360,395 361,257 361,478 310,716 282,576 273,225 223,259 278,104 250,345 285,079
Site-built, conventional 339,360 304,999 344,499 344,092 342,178 291,957 263,993 252,959 203,138 248,980 221,649 249,570
Site-built, nonconventional 8,939 8,272 9,636 11,166 12,829 12,458 12,482 13,931 14,773 22,919 23,100 29,872
FHA share (percent) 86.3 87.6 88.3 88.2 89.8 91.6 93.8 94.2 94.0 93.4 92.6 91.5
VA share (percent) 13.4 12.1 11.4 11.6 10.0 8.3 6.1 5.7 6.0 6.5 7.3 8.4
FSA/RHS share (percent) .3 .3 .3 .2 .2 .2 .1 .2 .1 .1 .1 .1
Manufactured, conventional 4,732 4,419 5,129 4,808 5,074 5,018 4,724 5,002 4,095 4,669 4,063 3,837
Manufactured, nonconventional 1,209 1,124 1,131 1,191 1,397 1,283 1,377 1,333 1,253 1,536 1,533 1,800
First lien, non-owner occupied 45,300 41,678 47,365 43,825 45,591 41,777 37,032 37,332 29,724 35,367 33,934 35,290
Junior lien, owner occupied 69,889 65,642 72,679 66,988 67,862 64,305 59,313 56,735 39,160 40,322 31,704 26,317
Junior lien, non-owner occupied 2,829 2,737 3,048 2,535 2,269 1,998 1,734 1,670 1,198 1,208 1,057 973
Home improvement
Applications 164,126 155,153 200,739 210,259 229,809 221,124 210,925 216,528 169,316 183,509 144,237 112,497
Originations 68,304 66,511 87,151 94,333 103,503 98,475 92,349 93,371 70,792 76,285 59,731 47,106
Multifamily1
Applications 4,270 3,775 4,681 4,733 5,121 5,120 4,786 4,853 4,032 4,520 3,860 4,479
Originations 3,196 2,874 3,640 3,606 3,926 3,932 3,565 3,511 2,893 3,441 2,981 3,488

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2008
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 372,411 385,774 435,196 461,604 479,402 492,707 495,496 460,190 432,498 416,161 305,500 322,675
Originations 206,478 230,724 266,230 281,168 311,057 321,371 314,277 296,043 272,560 252,066 183,761 202,965
First lien, owner occupied 163,855 186,018 217,385 231,818 259,567 271,961 266,667 251,535 233,678 214,645 157,335 173,975
Site-built, conventional 126,650 135,901 151,135 149,462 160,057 165,800 155,421 140,400 115,558 113,725 80,764 86,553
Site-built, nonconventional 31,179 42,864 57,768 73,233 90,102 96,930 101,857 102,041 109,584 92,367 70,773 82,526
FHA share (percent) 70.6 73.1 75.5 78.1 79.3 79.2 79.8 80.5 83.6 79.0 78.4 78.5
VA share (percent) 22.4 20.4 18.5 16.0 15.2 15.3 14.8 13.9 11.5 14.3 14.6 14.7
FSA/RHS share (percent) 6.9 6.5 6.0 5.8 5.5 5.5 5.4 5.6 4.9 6.7 7.0 6.7
Manufactured, conventional 4,223 5,275 6,118 6,634 6,790 6,588 6,597 6,471 5,921 6,206 4,145 3,193
Manufactured, nonconventional 1,803 1,978 2,364 2,489 2,618 2,643 2,792 2,623 2,615 2,347 1,653 1,703
First lien, non-owner occupied 32,092 33,777 37,035 38,638 41,353 40,152 39,074 37,116 33,214 32,043 22,658 25,042
Junior lien, owner occupied 9,900 10,338 11,132 10,102 9,528 8,728 8,076 6,933 5,352 5,091 3,599 3,750
Junior lien, non-owner occupied 631 591 678 610 609 530 460 459 316 287 169 198
Refinance
Applications 774,161 964,332 932,655 898,460 715,069 617,390 554,070 470,006 451,075 520,221 377,499 530,327
Originations 324,423 498,498 470,038 429,002 321,033 269,508 214,400 182,617 176,884 222,290 144,848 237,812
First lien, owner occupied 268,351 428,202 398,838 361,726 265,428 222,301 173,670 146,566 144,847 189,671 122,222 211,942
Site-built, conventional 234,326 381,190 347,839 306,350 215,246 175,915 130,080 104,719 100,709 134,417 82,225 150,386
Site-built, nonconventional 28,672 40,710 44,160 48,316 43,855 40,573 38,407 37,125 39,719 50,626 36,372 57,454
FHA share (percent) 90.6 87.3 89.0 90.5 92.0 93.5 94.5 95.2 95.1 93.7 94.6 91.1
VA share (percent) 9.2 12.4 10.7 9.2 7.9 6.3 5.4 4.7 4.8 6.2 5.3 8.7
FSA/RHS share (percent) .2 .3 .3 .2 .2 .1 .1 .1 .1 .1 .1 .2
Manufactured, conventional 3,628 4,177 4,595 4,707 4,272 3,879 3,521 3,280 2,924 2,883 2,254 2,280
Manufactured, nonconventional 1,725 2,125 2,244 2,353 2,055 1,934 1,662 1,442 1,495 1,745 1,371 1,822
First lien, non-owner occupied 32,902 42,439 42,338 40,340 33,068 27,819 23,200 19,775 18,056 19,831 13,510 16,527
Junior lien, owner occupied 22,347 26,901 27,864 25,994 21,689 18,593 16,803 15,648 13,362 12,159 8,587 8,784
Junior lien, non-owner occupied 823 956 998 942 848 795 727 628 619 629 529 559
Home improvement
Applications 116,981 117,289 132,661 146,749 135,413 131,526 136,117 120,634 116,248 108,784 78,551 71,714
Originations 42,241 46,228 54,365 61,799 58,891 57,017 54,776 50,674 46,950 43,827 29,365 26,593
Multifamily1
Applications 3,163 3,599 3,918 4,236 4,304 4,135 3,685 3,311 3,345 3,485 2,749 2,938
Originations 2,294 2,688 2,930 3,138 3,240 3,129 2,775 2,391 2,414 2,489 1,760 2,180

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2009
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 242,792 257,971 317,526 324,820 342,944 415,160 429,874 391,369 385,833 401,257 374,358 332,685
Originations 139,351 155,120 200,408 211,477 233,256 282,803 292,419 262,912 258,261 274,879 261,748 220,305
First lien, owner occupied 118,558 133,067 173,388 184,653 203,806 249,149 258,528 232,747 228,585 244,815 235,422 192,195
Site-built, conventional 57,760 63,053 78,459 82,272 92,588 113,688 117,054 104,910 97,862 101,800 95,199 84,546
Site-built, nonconventional 57,428 66,083 89,801 97,256 105,780 129,370 135,186 122,024 124,692 137,047 134,756 102,467
FHA share (percent) 77.5 76.9 77.8 77.6 76.9 76.9 76.7 76.8 76.9 77.7 77.5 75.5
VA share (percent) 15.4 16.1 15.2 14.6 14.6 14.7 14.2 13.7 13.1 12.5 12.5 13.2
FSA/RHS share (percent) 7.1 7.0 7.0 7.8 8.4 8.5 9.1 9.5 10.0 9.8 10.0 11.4
Manufactured, conventional 2,259 2,665 3,511 3,438 3,627 4,032 4,200 4,241 4,139 4,012 3,706 3,403
Manufactured, nonconventional 1,111 1,266 1,617 1,687 1,811 2,059 2,088 1,572 1,892 1,956 1,761 1,779
First lien, non-owner occupied 18,456 19,535 23,919 23,519 25,648 28,852 28,891 25,768 25,297 25,646 22,112 24,639
Junior lien, owner occupied 2,218 2,400 2,921 3,149 3,630 4,573 4,778 4,216 4,177 4,235 4,078 3,326
Junior lien, non-owner occupied 119 118 180 156 172 229 222 181 202 183 136 145
Refinance
Applications 842,616 963,209 1,003,605 1,037,993 1,046,067 1,035,455 826,724 645,925 608,650 644,508 633,803 694,213
Originations 463,241 592,968 617,071 618,790 649,150 627,440 463,955 336,873 306,191 339,539 363,608 393,252
First lien, owner occupied 430,627 552,024 571,663 573,676 601,950 576,124 419,710 303,175 275,093 307,509 332,422 356,771
Site-built, conventional 346,977 463,324 472,031 465,748 492,410 478,629 338,690 234,365 204,802 230,164 254,902 282,440
Site-built, nonconventional 79,044 83,827 93,996 102,365 103,845 91,453 75,554 64,734 66,274 73,398 73,794 70,375
FHA share (percent) 84.1 82.2 83.1 83.0 81.3 79.2 83.3 85.1 86.8 87.6 86.3 85.5
VA share (percent) 15.4 17.2 16.5 16.6 18.2 20.4 16.3 14.6 13.0 12.1 13.4 14.2
FSA/RHS share (percent) .5 .6 .5 .4 .4 .5 .4 .3 .2 .3 .2 .3
Manufactured, conventional 2,625 2,942 3,556 3,407 3,353 3,604 3,420 2,795 2,758 2,564 2,338 2,478
Manufactured, nonconventional 1,981 1,931 2,080 2,156 2,342 2,438 2,046 1,281 1,259 1,383 1,388 1,478
First lien, non-owner occupied 23,151 30,073 33,320 33,194 35,479 38,806 32,954 24,686 22,096 23,666 23,661 28,819
Junior lien, owner occupied 8,939 10,286 11,465 11,359 11,167 11,858 10,691 8,513 8,462 7,814 7,017 7,105
Junior lien, non-owner occupied 524 585 623 561 554 652 600 499 540 550 508 557
Home improvement
Applications 68,543 67,892 71,231 75,203 76,208 83,711 79,298 70,427 69,312 67,256 53,812 48,611
Originations 25,109 27,987 33,542 35,660 37,596 42,984 40,230 33,925 32,599 30,982 25,787 23,580
Multifamily1
Applications 2,073 2,247 2,434 2,351 2,175 2,431 2,267 2,036 2,192 1,995 1,749 2,191
Originations 1,377 1,498 1,753 1,728 1,612 1,800 1,668 1,501 1,640 1,446 1,257 1,694

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2010
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 241,350 252,603 357,723 392,297 402,819 458,322 307,498 306,338 295,033 276,057 262,966 294,790
Originations 141,432 153,344 231,703 264,936 279,663 326,766 197,654 201,229 197,760 181,241 174,472 196,390
First lien, owner occupied 121,809 133,100 203,940 235,983 250,387 292,990 169,110 172,697 169,439 154,148 148,726 166,004
Site-built, conventional 54,216 57,094 86,166 99,020 109,705 132,985 81,547 83,787 78,888 72,222 70,739 79,124
Site-built, nonconventional 63,962 71,891 111,596 129,901 134,442 152,495 82,717 83,942 85,691 77,562 74,035 83,049
FHA share (percent) 75.0 76.0 76.7 76.4 80.3 81.7 78.0 77.7 77.5 76.3 74.3 73.5
VA share (percent) 13.8 13.9 13.1 12.7 13.5 14.5 17.6 17.5 16.9 16.8 17.4 17.8
FSA/RHS share (percent) 11.2 10.1 10.2 10.8 6.1 3.8 4.4 4.8 5.6 6.9 8.2 8.7
Manufactured, conventional 2,554 3,073 4,666 5,272 4,553 4,981 3,488 3,671 3,529 3,115 2,847 2,748
Manufactured, nonconventional 1,077 1,042 1,512 1,790 1,687 2,529 1,358 1,297 1,331 1,249 1,105 1,083
First lien, non-owner occupied 17,376 17,775 23,812 24,287 24,148 27,497 25,202 25,250 25,239 24,146 22,945 27,161
Junior lien, owner occupied 2,144 2,360 3,792 4,527 4,972 6,121 3,195 3,120 2,936 2,806 2,674 3,077
Junior lien, non-owner occupied 103 109 159 139 156 158 147 162 146 141 127 148
Refinance
Applications 573,030 496,634 587,566 528,319 468,616 566,548 652,517 831,259 895,236 942,311 969,019 922,278
Originations 313,872 260,173 319,869 288,426 239,933 297,531 366,551 506,854 561,342 604,452 627,236 582,364
First lien, owner occupied 283,393 232,134 284,878 255,745 211,343 266,110 332,635 465,938 517,044 557,880 579,553 529,441
Site-built, conventional 236,602 191,554 234,622 211,331 173,359 220,591 280,551 396,289 443,527 479,866 502,805 464,214
Site-built, nonconventional 44,051 37,951 47,115 41,697 35,502 42,793 49,413 66,465 70,434 74,833 73,496 61,836
FHA share (percent) 82.5 82.4 81.5 82.3 81.6 80.4 79.3 79.8 79.8 78.6 76.5 72.3
VA share (percent) 16.9 17.1 18.0 17.3 18.1 19.4 20.5 19.9 19.9 21.2 22.9 27.0
FSA/RHS share (percent) .6 .5 .5 .4 .3 .2 .2 .3 .3 .2 .6 .7
Manufactured, conventional 1,795 1,840 2,285 1,978 1,782 1,972 1,915 2,258 2,327 2,334 2,395 2,568
Manufactured, nonconventional 945 789 856 739 700 754 756 926 756 847 857 823
First lien, non-owner occupied 24,502 21,886 26,737 24,687 20,758 23,514 26,125 32,269 35,587 38,255 39,469 44,761
Junior lien, owner occupied 5,543 5,706 7,695 7,511 7,375 7,430 7,335 8,180 8,235 7,879 7,737 7,600
Junior lien, non-owner occupied 434 447 559 483 457 477 456 467 476 438 477 562
Home improvement
Applications 38,929 38,646 55,565 61,970 60,659 65,771 62,309 64,250 60,090 59,199 54,428 48,331
Originations 18,537 18,395 26,461 30,653 30,100 32,243 31,309 32,795 32,179 32,322 29,657 26,750
Multifamily1
Applications 1,647 1,645 2,079 1,993 1,904 2,292 2,104 2,121 2,283 2,152 2,262 3,068
Originations 1,176 1,194 1,540 1,460 1,414 1,766 1,610 1,560 1,668 1,600 1,735 2,445

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2011
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 227,509 226,987 309,873 307,380 334,537 369,774 330,451 359,993 316,226 292,105 279,673 295,618
Originations 137,390 140,229 198,552 203,525 222,712 255,580 227,660 243,056 216,837 195,551 187,610 201,459
First lien, owner occupied 114,823 117,520 167,416 172,752 190,358 219,988 196,454 209,285 186,125 167,079 160,013 171,428
Site-built, conventional 54,841 54,888 75,966 78,388 89,636 110,327 98,204 104,888 90,333 81,117 77,541 82,972
Site-built, nonconventional 57,094 59,212 86,400 89,555 95,682 104,168 93,514 99,145 90,818 81,261 78,069 84,458
FHA share (percent) 72.3 73.0 73.3 73.2 72.6 70.7 69.8 69.0 68.1 70.1 69.8 69.6
VA share (percent) 17.6 17.5 16.8 16.5 17.5 18.6 18.8 18.9 18.4 19.0 19.2 19.5
FSA/RHS share (percent) 10.1 9.5 9.9 10.3 9.9 10.7 11.4 12.1 13.5 10.9 11.0 10.9
Manufactured, conventional 1,996 2,593 3,770 3,506 3,666 4,111 3,432 3,819 3,698 3,455 3,233 2,813
Manufactured, nonconventional 892 827 1,280 1,303 1,374 1,382 1,304 1,433 1,276 1,246 1,170 1,185
First lien, non-owner occupied 20,173 20,231 27,494 27,106 28,118 30,894 27,108 29,646 27,157 25,252 24,462 26,809
Junior lien, owner occupied 2,322 2,393 3,526 3,558 4,122 4,566 3,972 3,988 3,442 3,107 3,033 3,122
Junior lien, non-owner occupied 72 85 116 109 114 132 126 137 113 113 102 100
Refinance
Applications 721,057 573,157 565,543 467,437 443,524 487,336 476,174 609,781 716,266 801,792 794,701 765,266
Originations 434,675 319,783 301,109 253,096 231,018 261,855 269,957 332,228 431,604 504,409 506,491 483,465
First lien, owner occupied 390,829 281,833 261,335 219,109 198,388 227,301 236,744 294,532 391,228 459,876 460,582 434,551
Site-built, conventional 339,284 240,053 217,516 181,590 164,987 193,855 204,259 253,994 344,310 402,953 401,069 370,820
Site-built, nonconventional 48,370 38,846 40,655 34,862 30,806 31,022 30,214 37,694 44,332 54,126 56,625 60,517
FHA share (percent) 71.0 73.1 75.9 75.9 72.1 65.8 60.5 60.6 54.9 54.0 53.8 54.8
VA share (percent) 28.4 26.3 23.6 23.6 27.4 33.5 38.7 38.5 43.1 44.5 45.4 44.5
FSA/RHS share (percent) .6 .6 .5 .5 .5 .7 .8 .9 2.1 1.5 .8 .7
Manufactured, conventional 2,262 2,036 2,261 1,907 1,887 1,767 1,667 2,112 1,958 2,107 2,228 2,439
Manufactured, nonconventional 913 898 903 750 708 657 604 732 628 690 660 775
First lien, non-owner occupied 37,296 31,906 32,519 27,190 25,912 27,951 27,215 30,779 33,711 37,776 39,353 42,368
Junior lien, owner occupied 6,095 5,618 6,727 6,341 6,284 6,126 5,574 6,424 6,192 6,340 6,173 6,077
Junior lien, non-owner occupied 455 426 528 456 434 477 424 493 473 417 383 469
Home improvement
Applications 41,014 38,423 52,948 57,402 60,785 65,029 59,641 66,508 62,411 62,284 57,468 50,775
Originations 20,841 18,930 25,047 27,803 28,898 31,612 28,857 32,239 30,855 32,527 30,306 27,223
Multifamily1
Applications 2,304 2,366 3,028 2,593 2,856 3,194 2,612 3,258 3,317 3,092 3,049 3,813
Originations 1,650 1,774 2,315 1,986 2,199 2,514 1,984 2,515 2,622 2,445 2,346 3,146

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2012
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 235,829 257,603 321,117 332,772 382,338 394,385 374,893 399,402 329,850 354,430 324,033 316,785
Originations 146,321 163,040 215,423 223,386 263,761 278,325 258,743 279,364 226,936 240,761 225,910 219,758
First lien, owner occupied 122,979 137,150 182,648 190,494 226,257 240,369 223,796 240,765 194,388 205,342 192,518 186,024
Site-built, conventional 59,435 65,746 88,746 96,160 119,515 133,606 125,008 133,663 105,880 112,977 106,629 103,993
Site-built, nonconventional 60,059 66,967 88,432 89,243 101,100 101,257 93,709 101,602 83,681 87,055 81,320 78,501
FHA share (percent) 70.3 70.0 70.9 70.6 69.1 67.6 66.8 66.4 65.6 67.1 66.9 66.1
VA share (percent) 18.3 18.9 18.2 18.2 19.1 20.4 21.1 20.7 20.5 20.8 21.1 21.4
FSA/RHS share (percent) 11.4 11.1 11.0 11.2 11.7 12.0 12.1 12.9 13.9 12.1 11.9 12.5
Manufactured, conventional 2,558 3,479 4,275 3,959 4,308 4,210 3,849 4,166 3,709 4,002 3,464 2,464
Manufactured, nonconventional 927 958 1,195 1,132 1,334 1,296 1,230 1,334 1,118 1,308 1,105 1,066
First lien, non-owner occupied 20,845 23,167 29,330 29,070 33,041 33,302 30,708 34,238 29,101 31,728 29,973 30,345
Junior lien, owner occupied 2,421 2,618 3,350 3,695 4,334 4,530 4,115 4,241 3,329 3,577 3,351 3,296
Junior lien, non-owner occupied 76 105 95 127 129 124 124 120 118 114 68 93
Refinance
Applications 732,402 816,789 862,390 800,733 809,542 813,318 876,535 979,788 874,854 1,051,059 944,133 964,045
Originations 443,705 510,489 543,342 497,742 493,260 495,943 541,168 632,114 570,687 682,484 618,125 638,926
First lien, owner occupied 398,150 458,053 487,347 444,878 435,194 436,902 481,818 562,624 508,500 605,733 546,080 564,421
Site-built, conventional 336,348 386,737 405,685 370,245 370,863 373,174 404,066 471,912 428,140 503,322 454,213 466,662
Site-built, nonconventional 58,914 68,247 78,254 71,205 60,829 60,559 74,647 86,957 77,011 98,123 88,100 93,900
FHA share (percent) 56.6 58.7 60.5 60.7 55.7 57.8 63.9 63.3 63.3 64.5 62.4 62.4
VA share (percent) 42.7 40.6 38.7 38.5 43.2 41.1 35.0 35.5 36.4 34.7 36.4 36.2
FSA/RHS share (percent) .7 .7 .8 .9 1.1 1.1 1. 1.2 .3 .8 1.2 1.4
Manufactured, conventional 2,058 2,248 2,686 2,646 2,768 2,616 2,450 2,845 2,452 2,984 2,667 2,647
Manufactured, nonconventional 830 821 722 782 734 553 655 910 897 1,304 1,100 1,212
First lien, non-owner occupied 40,216 46,404 48,972 45,945 50,712 52,180 52,863 62,287 56,086 69,923 65,705 68,523
Junior lien, owner occupied 4,968 5,640 6,555 6,465 6,898 6,343 6,062 6,761 5,676 6,387 5,958 5,565
Junior lien, non-owner occupied 371 392 468 454 456 518 425 442 425 441 382 417
Home improvement
Applications 46,172 49,011 62,634 67,877 73,874 72,382 72,817 76,749 66,094 74,628 63,083 53,817
Originations 21,015 22,383 29,535 32,638 36,214 35,042 35,020 38,067 32,933 37,617 32,338 28,705
Multifamily1
Applications 2,953 3,284 3,889 3,624 4,117 4,155 3,913 4,252 3,733 4,238 4,008 4,990
Originations 2,190 2,475 3,014 2,710 3,217 3,270 3,048 3,319 2,919 3,245 3,135 4,190

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2013
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 275,390 273,927 347,341 389,564 439,247 440,311 474,301 462,397 393,327 388,789 330,028 339,436
Originations 172,952 175,418 233,378 261,507 306,964 310,982 327,410 322,615 269,074 262,781 229,238 239,249
First lien, owner occupied 146,715 148,361 198,685 223,712 264,174 270,642 285,432 280,558 232,854 225,650 197,925 205,632
Site-built, conventional 79,406 81,091 110,952 128,212 158,752 168,084 180,166 177,925 145,407 143,691 121,494 127,307
Site-built, nonconventional 63,591 62,921 82,150 89,775 99,265 96,773 99,445 96,207 81,820 75,740 71,369 73,887
FHA share (percent) 65.3 65.2 65.4 65.5 64.3 63.0 61.3 59.8 59.5 64.9 59.7 59.5
VA share (percent) 20.5 21.6 21.6 21.5 23.3 24.9 25.6 26.0 25.6 27.5 25.6 26.6
FSA/RHS share (percent) 14.2 13.2 13.0 13.0 12.3 12.2 13.1 14.2 14.9 7.6 14.7 14.0
Manufactured, conventional 2,786 3,506 4,511 4,545 4,858 4,573 4,550 5,035 4,436 4,843 3,923 3,289
Manufactured, nonconventional 932 843 1,072 1,180 1,299 1,212 1,271 1,391 1,191 1,376 1,139 1,149
First lien, non-owner occupied 23,713 24,461 31,213 33,836 38,000 35,580 37,106 37,251 32,371 33,273 27,893 29,837
Junior lien, owner occupied 2,438 2,507 3,380 3,837 4,653 4,639 4,729 4,646 3,737 3,731 3,320 3,645
Junior lien, non-owner occupied 86 89 100 122 137 121 143 160 112 127 100 135
Refinance
Applications 988,071 900,388 927,479 925,776 909,506 799,853 754,063 611,212 477,734 459,119 398,280 397,474
Originations 637,648 584,380 591,910 573,729 556,985 489,728 447,943 342,438 254,320 231,739 208,695 211,083
First lien, owner occupied 557,920 508,016 511,701 495,841 478,290 418,714 380,179 285,996 210,646 190,111 172,956 174,466
Site-built, conventional 458,331 416,629 418,417 401,360 393,713 350,104 320,788 242,095 177,151 159,288 144,537 145,354
Site-built, nonconventional 95,663 87,613 89,004 89,920 80,007 64,684 55,301 40,184 30,481 27,931 25,854 26,421
FHA share (percent) 63.0 62.7 62.1 64.4 59.6 55.8 56.7 62.0 65.3 62.6 58.4 56.2
VA share (percent) 35.7 36.0 36.6 34.3 39.0 42.8 42.1 37.0 33.8 37.0 40.8 42.9
FSA/RHS share (percent) 1.3 1.3 1.3 1.3 1.3 1.4 1.3 1. .8 .5 .8 1.
Manufactured, conventional 2,662 2,531 3,007 2,981 3,183 2,910 3,174 3,000 2,484 2,333 1,980 2,077
Manufactured, nonconventional 1,264 1,243 1,273 1,580 1,387 1,016 916 717 530 559 585 614
First lien, non-owner occupied 74,263 70,695 73,663 71,190 71,680 64,483 60,706 49,207 37,565 35,544 30,520 31,530
Junior lien, owner occupied 5,091 5,312 6,105 6,295 6,582 6,121 6,600 6,766 5,733 5,677 4,885 4,711
Junior lien, non-owner occupied 374 357 441 403 433 410 458 469 376 407 334 376
Home improvement
Applications 54,220 51,394 63,964 78,082 84,181 81,425 86,924 82,276 71,643 72,052 57,656 49,084
Originations 26,835 25,470 32,319 38,987 43,850 42,645 45,180 42,858 36,462 36,446 29,047 24,531
Multifamily1
Applications 3,472 3,570 4,207 4,424 4,730 4,580 4,665 4,711 4,420 4,547 3,631 4,299
Originations 2,576 2,750 3,179 3,400 3,748 3,607 3,663 3,618 3,405 3,529 2,826 3,560

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table


2014
Numbers of loans except as noted
Characteristic of loan
and of property		 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1-4 Family
Home purchase
Applications 276,471 274,423 345,985 391,583 437,054 466,711 471,695 445,646 419,249 425,478 331,200 376,777
Originations 175,756 176,319 229,770 262,823 307,594 333,325 333,609 317,540 291,935 297,699 235,259 273,036
First lien, owner occupied 149,977 150,440 197,793 227,532 267,516 292,452 292,443 277,086 253,078 256,643 203,709 235,037
Site-built, conventional 90,187 90,745 119,482 138,076 166,516 186,663 185,347 175,245 156,662 158,314 123,838 144,691
Site-built, nonconventional 56,291 55,741 72,896 83,545 94,445 99,477 100,701 95,368 90,295 91,813 74,944 85,224
FHA share (percent) 58.0 59.0 59.3 60.2 59.5 58.5 58.6 57.7 57.0 57.7 56.2 58.0
VA share (percent) 26.0 27.6 27.3 26.5 27.6 29.0 28.9 29.3 29.0 28.7 28.5 30.6
FSA/RHS share (percent) 16.0 13.5 13.4 13.3 12.9 12.5 12.5 13.0 14.1 13.6 15.3 11.3
Manufactured, conventional 2,569 3,107 4,293 4,554 5,024 4,841 4,852 4,917 4,552 4,854 3,693 3,701
Manufactured, nonconventional 930 847 1,122 1,357 1,531 1,471 1,543 1,556 1,569 1,662 1,234 1,421
First lien, non-owner occupied 23,166 23,246 28,436 31,147 35,006 35,309 35,493 34,878 33,760 35,787 27,505 33,159
Junior lien, owner occupied 2,520 2,551 3,414 4,016 4,942 5,427 5,513 5,441 4,960 5,114 3,930 4,698
Junior lien, non-owner occupied 93 82 127 128 130 137 160 135 137 155 115 142
Refinance
Applications 348,693 309,090 351,712 360,551 341,183 355,601 370,324 364,340 378,909 406,185 370,095 428,966
Originations 171,713 151,993 179,035 180,235 172,821 182,748 192,078 193,522 203,924 211,838 210,504 250,999
First lien, owner occupied 140,323 125,310 149,319 150,392 144,265 153,962 163,080 165,247 174,921 181,121 184,059 217,834
Site-built, conventional 115,488 101,017 118,774 119,879 115,657 123,162 131,277 133,173 140,787 143,935 145,065 173,111
Site-built, nonconventional 22,384 22,257 28,133 28,097 26,189 28,329 29,496 29,690 31,628 34,675 36,808 42,246
FHA share (percent) 57.2 56.4 54.3 55.4 53.7 49.2 47.5 46.2 45.7 43.5 36.2 36.8
VA share (percent) 42.0 42.9 45.1 44.1 45.9 50.4 52.1 53.4 53.8 56.1 63.3 62.8
FSA/RHS share (percent) .8 .7 .6 .5 .4 .4 .5 .4 .5 .4 .4 .4
Manufactured, conventional 1,826 1,473 1,714 1,775 1,778 1,764 1,648 1,718 1,763 1,756 1,539 1,651
Manufactured, nonconventional 625 563 698 641 641 707 659 666 743 755 647 826
First lien, non-owner occupied 27,109 22,896 25,034 24,636 23,234 23,336 23,596 22,834 23,695 25,331 22,059 28,304
Junior lien, owner occupied 3,963 3,465 4,357 4,853 4,969 5,049 5,043 5,087 4,965 5,050 4,097 4,549
Junior lien, non-owner occupied 318 322 325 354 353 401 359 354 343 336 289 312
Home improvement
Applications 50,682 48,419 65,036 75,259 80,640 81,729 81,556 78,333 77,629 78,338 62,293 59,992
Originations 22,017 21,040 28,801 35,821 39,833 40,884 40,310 39,527 38,731 39,287 31,345 30,722
Multifamily1
Applications 3,337 3,167 3,652 3,727 3,899 4,010 4,021 3,692 4,011 4,144 3,155 4,616
Originations 2,520 2,337 2,779 2,879 3,017 3,122 3,133 2,876 3,160 3,280 2,454 3,816

Note: Components may not sum to totals because of rounding. Applications include those withdrawn and those closed for incompleteness. FHA is Federal Housing Administration; VA is U.S. Department of Veterans Affairs; FSA is Farm Service Agency; RHS is Rural Housing Service.

1. A multifamily property consists of five or more units.  Return to table

Last update: December 14, 2015