The annual release of Home Mortgage Disclosure Act (HMDA) data is expected to reveal 2015's numbers in mid-September, says CoreLogic's Molly Boesel. HMDA data include the amount and number of first-lien mortgage originations. CoreLogic last week put out its predictions about what the data will show. Boesel writes:
"We estimate that in 2015 the number of mortgage originations increased by 20 percent from 2014 to approximately seven million mortgages and the mortgage origination dollar volume rose 30 percent to about $1.7 trillion."
"The increase in mortgage originations in 2015 compared with 2014 was due to an increase in both purchase-money loans and refinancing activity. According to CoreLogic data, the number of purchase money originations increased 13 percent and the dollar volume increased 18 percent. The number of purchase originations rose due to an increase in home sales and a decrease in cash sales, while strong home price appreciation and more leverage boosted the purchase origination dollar volume."