The number of mortgages made to purchase homes for owner occupants
hit a six-year high last year. But don’t celebrate. Purchase loans for
owner occupants were still below their 1993 level.
The Home Mortgage Disclosure Act requires mortgage lenders to disclose a range of data around every mortgage application that they take in a given year. The Federal Reserve on Monday released its summary of the previous year’s data. Here are five broad findings:
Business Financing, Real Estate Financing, Micro-Business Loans, Personal Loans, Agriculture Financing, Land Loans, End Loans, Hard Money, Merchant Financing, Cash Flow Financing, Note Buyers. Commercial and Residential Construction Financing.
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