Mortgage Daily

Published On: December 13, 2018

Mortgage Statistics

Last Updated December 13, 2018 5:30 PM Central

Bankruptcy Filings 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Non-Commercial Bankruptcy Filings (American Bankruptcy Institute) 668,238 through Nov 30 728,386 733,897 789,332 875,635 988,489 1,128,173 1,304,971 1,468,938 1,407,788 1,064,927 822,590 573,203 na na
Bankruptcy Per Capita Rate (commercial and non-commercial) 2.47 through Nov 30 2.47 2.48 2.63 2.93 3.33 3.83 na na na na na na na na
Chapter 13 Consumer Bankruptcy Filings (American Bankruptcy Institute) na na na na na na na 401,588 435,242 na na na na na na
Non-Business Bankruptcy Filings (U.S. Courts) na na na na na na na na na na 1,074,225
822,590
597,965
2,039,214
1,563,145
Chapter 7 Bankruptcy Filings (U.S. Courts) na na na na na na na na na na 744,424 519,364 360,890 1,659,017 1,137,958
Chapter 11 Bankruptcy Filings (U.S. Courts) na na na na na na na na na na 10,160 6,353 5,163 6,800 10,132
Chapter 12 Bankruptcy Filings (U.S. Courts) na na na na na na na na na na 345 376 348 380 108
Chapter 13 Bankruptcy Filings (U.S. Courts)

 

na na na na na na na na na

 

na 362,762

 

324,771

 

251,179

 

412,130

 

449,129

 

Average Loan Amount
Period/Date
Average Amount
Average Mortgage Amount (TransUnion)
$189,707
Average Mortgage Amount (TransUnion)
$187,139
Average Mortgage Amount (TransUnion)
$185,496
Average Mortgage Amount (TransUnion)
$183,339
Credit Scores
Period/Date
Average Score
FICO Score Average (Ellie Mae) Sep 2018 727
FICO Score Average (Ellie Mae)
722
FICO Score Average (Ellie Mae)
726
FICO Score Average (Ellie Mae)
722
FICO Score Average (Ellie Mae)
728
FICO Score Average (Ellie Mae)
738
FICO Score Average (Ellie Mae)
748
FICO Score Average (Ellie Mae)
746
VantageScore Average (Experian)
675
VantageScore Average (Experian)
673
VantageScore Average (Experian)
669
VantageScore Average (Experian)
679
Equifax Risk Score Average
750
Credit Score National Average (Experian)
693
Weighted Average FICO Score at Origination on Fannie Mae’s and Freddie Mac’s portfolios (FHFA)

 

June 30, 2008
723
Credit Availability
Period/Date
Index
Mortgage Credit Availability Index (MBA)
Nov. 2018
188.8
Mortgage Credit Availability Index (MBA)
179.2
Mortgage Credit Availability Index (MBA)
175.2
Mortgage Credit Availability Index (MBA revised)
164.0
Mortgage Credit Availability Index (MBA revised)
134.3
Mortgage Credit Availability Index (MBA revised)
112.8
Mortgage Credit Availability Index (MBA revised)
88.2
Mortgage Credit Availability Index (MBA revised)
97.5
Mortgage Credit Availability Index (MBA)
Dec 2010
118.2
Mortgage Credit Availability Index (MBA)
Dec 2009
94.4
Mortgage Credit Availability Index (MBA)
Dec 2008
83.2
Mortgage Credit Availability Index (MBA)
Dec 2007
316.4
Mortgage Credit Availability Index (MBA)
Dec 2006
725.6
Mortgage Credit Availability Index (MBA)
Dec 2005
846.4
Mortgage Credit Availability Index (MBA)

Dec 2004

 

414.8

 

National Mortgage Risk Index
Period/Date
Average Score
National Mortgage Risk Index (AEI)
11.4%
National Mortgage Risk Index (AEI)
10.81%
National Mortgage Risk Index (AEI)
10.60%
National Mortgage Risk Index (AEI)
19.00%
National Mortgage Risk Index (AEI)

 

6.00%
Loan-to-Value Ratios
Period/Date
Average Score
LTV Average on New Originations (Ellie Mae)
79%
LTV Average on New Originations (Ellie Mae)
79%
LTV Average on New Originations (Ellie Mae)
78%
LTV Average on New Originations (Ellie Mae)
80%
LTV Average on New Originations (Ellie Mae)
82%
LTV Average on New Originations (Ellie Mae)
81%
LTV Average on New Originations (Ellie Mae)
79%
LTV Average on New Originations (Ellie Mae)
77%
LTV Average on Outstanding Loans (CoreLogic)
55.5%
LTV Average on Outstanding Loans (CoreLogic)
57.8%
LTV Average on Outstanding Loans (CoreLogic)
59.7%
LTV Average on Outstanding Loans (CoreLogic)
61.9%
LTV Average on Outstanding Loans (CoreLogic)
Q4 2012
69.1%
LTV Average on Outstanding Loans (CoreLogic)
Q4 2012
71.3%
Turnaround
Period/Date
Average Days to Close
Days to Close Average (Ellie Mae)
44
Days to Close Average (Ellie Mae)
44
Days to Close Average (Ellie Mae)
50
Days to Close Average (Ellie Mae)
49
Days to Close Average (Ellie Mae)
42
Days to Close Average (Ellie Mae)
46
Days to Close Average (Ellie Mae)
48
Days to Close Average (Ellie Mae)

 

47
Closing Ratio
Period/Date
Average Closing Rate
Closing Rate Average (Ellie Mae) Sep 2018 71.7%
Closing Rate Average (Ellie Mae)
71.2%
Closing Rate Average (Ellie Mae)
73.2%
Closing Rate Average (Ellie Mae)
67.3%
Closing Rate Average (Ellie Mae)
60.2%
Closing Rate Average (Ellie Mae)
54.0%
Closing Rate Average (Ellie Mae)
49%
Closing Rate Average (Ellie Mae)

 

48%
Debt-to-Income Ratios
Period/Date
Average DTI
DTI Average (Ellie Mae)
25/39
DTI Average (Ellie Mae)
25/39
DTI Average (Ellie Mae)
25/38
DTI Average (Ellie Mae)
25/39
DTI Average (Ellie Mae)
24/38
DTI Average (Ellie Mae)
24/36
DTI Average (Ellie Mae)
23/34
DTI Average (Ellie Mae)

 

24/35
ARM Resets
Period/Date
Level
ARM resets (Bank of Amercia)
$680 billion
ARM resets subprime (Fannie Mae)
882,000 loans
ARM resets (Bank of Amercia)
$515 billion
ARM resets (IMF)
$1,500 billion
ARM resets (Fannie Mae)
1.5 million loans
Subprime Hybrid ARM resets (FDIC)
2008
1.3 million loans
Subprime Hybrid ARM resets (FDIC)

 

2009

 

0.4 million loans

 

Companies in NMLS As of Date Total
Companies (unique state-licensed) June 30, 2018 16,866
Companies (unique state-licensed) Dec. 31, 2017 16,966
Companies (unique state-licensed) Dec. 31, 2016 16,355
Companies (unique state-licensed) Dec. 31, 2015 16,004
Companies (unique state-licensed) Dec. 31, 2014 16,022
Companies (unique state-licensed) Dec. 31, 2013 16.145
Companies (unique state-licensed) Dec. 31, 2012 16,688
Companies (unique state-licensed) Dec. 31, 2011 17,121
Institutions (federal registry) June 30, 2018 9,122
Institutions (federal registry) Dec. 31, 2017 9,491
Institutions (federal registry) Dec. 31, 2016 9,831
Institutions (federal registry) Dec. 31, 2015 10,220
Institutions (federal registry) Dec. 31, 2014 10,566
Institutions (federal registry) Dec. 31, 2013 10,845
Institutions (federal registry) Dec. 31, 2012 11,052
Institutions (federal registry) Dec. 31, 2011 11,081
Branches (unique state-licensed) Mar. 31, 2018 25,542
Branches (unique state-licensed) Dec. 31, 2017 24,710
Branches (unique state-licensed) Dec. 31, 2016 22,937
Branches (unique state-licensed) Dec. 31, 2015 21,182
Branches (unique state-licensed) Dec. 31, 2014 20,699
Branches (unique state-licensed) Dec. 31, 2013 19.881
Branches (unique state-licensed) Dec. 31, 2012 18,819
Branches (unique state-licensed) Dec. 31, 2011 18,791
Mortgage Brokers (1st mortgage) March 31, 2012 14,026
Mortgage Brokers (1st mortgage) Dec. 31, 2011 13,303
Mortgage Brokers (2nd mortgage) March 31, 2012 11,557
Mortgage Brokers (2nd mortgage) Dec. 31, 2011 10,886
Servicing (first mortgage) March 31, 2012 1,455
Servicing (first mortgage) Dec. 31, 2011 1,409
Servicing (second mortgage) March 31, 2012 1,114
Servicing (second mortgage)

 

Dec. 31, 2011

 

1,091

 

Mortgage Bankers
Period/Date
Level
Mortgage Bankers Reporting Under  HMDA (MBA)
8,900
Active Mortgage Lenders as of Dec. 31 (Ellie Mae) 2009 7,500
New Reverse Mortgage Origination Companies (Reverse Market Insight Inc.) first-half 2008 1,000+
New Reverse Mortgage Origination Companies (Reverse Market Insight Inc.) 2007 776
New Reverse Mortgage Origination Companies (Reverse Market Insight Inc.) 2006 393
New Reverse Mortgage Origination Companies (Reverse Market Insight Inc.) second-half 2005 174
Closings per sales employee per month (MBA) Q3 2018 1.9
Closings per sales employee per month (MBA) Q1 2018 4.8
Closings per sales employee per month (MBA) Q4 2017 5.9
Closings per sales employee per month (MBA) Q3 2017 5.8
Closings per sales employee per month (MBA) Q2 2017 5.9
Closings per sales employee per month (MBA) Q1 2017 5.0
Closings per sales employee per month (MBA) 2016 8.9
Closings per sales employee per month (MBA) 2015 5.7
Closings per sales employee per month (MBA) 2014 4.6
Closings per sales employee per month (MBA) 2013 7.0
Closings per sales employee per month (MBA) Q4-2012 11.1
Closings per sales employee per month (MBA) Q3-2012 11.0
Closings per sales employee per month (MBA) Q2-2012 9.4
Closings per sales employee per month (MBA) Q1-2012 9.1
Closings per sales employee per month (MBA) Q4-2011 9.8
Closings per sales employee per month (MBA) Q3-2011 7.8
Closings per sales employee per month (MBA) Q2-2011 9.4
Closings per sales employee per month (MBA) Q4-2010 9.6
Closings per sales employee per month (MBA) 2009 4.32
Closings per sales employee per month (MBA) 2008 7.0
Average Loans Originated Per Mortgage Banker Loan Officer (MBA) 2007 57
Average Loans Originated Per Mortgage Banker Loan Officer (MBA) 2006 62
Average Loans Originated Per Mortgage Banker Loan Officer (MBA) 2005 83
Average Loans Originated Per Mortgage Banker Loan Officer (MBA) 2004 91
Average Loans Originated Per Mortgage Banker Loan Officer (MBA) 2003 141
Average Net Production Income Per Loan BPS (MBA) Q2 2018 +2
Average Net Production Income Per Loan BPS (MBA) Q1 2018 +2
Average Net Production Income Per Loan BPS (MBA) Q4 2017 +12
Average Net Production Income Per Loan BPS (MBA) Q3 2017 +39
Average Net Production Income Per Loan BPS (MBA) Q2 2017 +45
Average Net Production Income Per Loan BPS (MBA) Q1 2017 +7
Average Net Production Income Per Loan BPS (MBA) 2016 +24
Average Net Production Income Per Loan BPS (MBA) 2015 +58
Average Net Production Income Per Loan BPS (MBA) 2014 +33
Average Net Production Income Per Loan BPS (MBA) 2013 +61
Average Net Production Income Per Loan $ (MBA) 2014 +$746
Average Net Production Income Per Loan $ (MBA) 2013 +$1,242
Average Net Production Income Per Loan $ (MBA) 2012 +$2,199
Average Production Profit Per Loan (MBA) Q3 2018 +$480
Average Production Profit Per Loan (MBA) Q4 2017 +$300
Average Production Profit Per Loan (MBA) Q4-2011 +$1,191
Average Production Profit Per Loan (MBA) Q3-2011 +$1,306
Average Production Profit Per Loan (MBA) Q1-2011 +$2,297
Average Production Profit Per Loan (MBA) Q4-2010 +$785
Average Production Profit Per Loan (MBA) 2009 +$1,135
Average Production Profit Per Loan (MBA) 2008 +$184
Average Production Profit Per Loan (MBA) 2007 -$560
Average Production Profit Per Loan (MBA) 2006 -$50
Average Production Profit Per Loan (MBA) 2005 $258
Average Production Profit Per Loan (MBA) 2004 $657
Average Production Profit Per Loan (MBA) 2003 $1,272
Average Servicing Profit Per Loan BPS (MBA) Q2 2018 -3
Average Servicing Profit Per Loan BPS (MBA) Q1 2018 +4
Average Servicing Profit Per Loan BPS (MBA) Q4 2017 +1
Average Servicing Profit Per Loan BPS (MBA) Q3 2017 +96
Average Servicing Profit Per Loan BPS (MBA) Q2 2017 +1
Average Servicing Profit Per Loan BPS (MBA) Q1 2017 +12
Average Servicing Profit Per Loan BPS (MBA) 2016 +20
Average Servicing Profit Per Loan BPS (MBA) 2015 +3.57
Average Servicing Profit Per Loan BPS (MBA) 2014 +4.23
Average Servicing Profit Per Loan BPS (MBA) 2013 +14.26
Average Servicing Profit Per Loan $ (MBA) 2014 +$99
Average Servicing Profit Per Loan $ (MBA) 2013 +$257
Average Servicing Profit Per Loan $ (MBA) 2012 +$27
Average Servicing Profit Per Loan $ (MBA) 2011 Q4 +$58
Average Servicing Profit Per Loan $ (MBA) 2011 Q3 -$28
Average Servicing Profit Per Loan $ (MBA) 2011 Q2 +$64
Average Servicing Profit Per Loan $ (MBA) 2011 Q1 +$65
Average Servicing Profit Per Loan $ (MBA) 2010 Q4 +$139
Average Servicing Profit Per Loan $ (MBA) 2010 Q3 -$41
Average Servicing Profit Per Loan $ (MBA) Q1-2009 -$1
Average Servicing Profit Per Loan $ (MBA) 2008 -$19
Average Servicing Profit Per Loan $ (MBA) 2007 $109
Average Servicing Profit Per Loan $ (MBA) 2006 $58
Average Servicing Profit Per Loan $ (MBA) 2005 $104
Average Servicing Profit Per Loan $ (MBA) 2004 $21
Average Servicing Profit Per Loan $ (MBA) 2003 -$170
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q2 2018 1,267
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q1 2018 1,084
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q4 2017 1,030
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q3 2017 1,136
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q2 2017 1,254
Average Loans Serviced Per Full-Time Servicing Employee (MBA) Q1 2017 1,359
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2016 1,229
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2015 1,166
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2014 931
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2013 1,002
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2012 Q4 1,076
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2012 Q3 1,111
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2012 Q2 1,045
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2012 Q1 980
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2011 Q4 967
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2011 Q3 869
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2011 Q2 1,013
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2011 Q1 959
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2010 Q4 955
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2008 740
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2007 1,398
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2006 1,207
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2005 1,330
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2004 1,218
Average Loans Serviced Per Full-Time Servicing Employee (MBA) 2003 1,027
Failures & Closings
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992 1991 1990
Non-Bank Closings 3 14 10 4 17 23 20 31 33 75 90 158 23 2 0 0 0 0 0 0 na na na
Bank Failures (FDIC) 8 6 8 18 24 51 92 157 140 25 3 0 0 4 3 11 4 7 1 0 1 6 8 15 179 268 381
Credit Union Failures 8 15 15 10 16 15 19 22 20 14 7 9 na na na na na na na na na na na na na na na na
Total Mortgage-Related Failures

 

3 30 31 27 45 63 86 142 212 235 129 168 32 8 10 12 13 7 13 5 0 1 6 8 15 50 179 268 381
FHA Mortgagee Review Board Actions by Fiscal Year 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Fact Based Cases 40 21 30 18 21 38 47 63 14 92 61
Recertification Cases 320 572 65  
Actions Taken:

Withdrawal Of Approval

314 268 27 3 3 10 8 4 2 29 15
Suspension 1 6 1 0 0 0 0 0 0 1 1
Total Number of Cases

 

360
as of March 11
593 95 18 21 38 47 63 14 92 61
Regulatory Actions
2009
2008
2007
2006
2005
1994
1993
Enforcement Actions (OCC fiscal) 195
(ytd Feb. 28)
432 302 458 608 na na
Cease-and-Desist Orders (FDIC) na 142
(2007 & 2008)
na na na na na
Removal-and-Prohibition Orders (FDIC)

 

na 102
(2007 & 2008)
na na na na na
Financial Institutions
2015 2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
FDIC-Insured Commercial Banks as of Dec. 31 5,472 as of Jun 30 5,757 as of Jun 30 5,876 6,096 6,290 6,529 6,839 7,086 7,283 7,401 7,526 7,631 7,770 7,888 8,079 8,315 8,580 8,774 9,142 9,527 9,940 10,451 10,958 11,462 11,921 12,343 12,918 13,611 14,178 14,656 14,787 14,765
FDIC-Insured Savings Institutions as of Dec. 31 876 as of Jun 30 899 as of Jun 30 936 987 1,067 1,128 1,173 1,219 1,251 1,279 1,307 1,345 1,411 1,466 1,535 1,589 1,642 1,687 1,780 1,925 2,030 2,152 2,262 2,390 2,561 2,815 2,878 2,949 3,147 3,220 3,246 3,136
Total FDIC-Insured Financial Institutions
6,348 as of Jun 30 6,656 as of Jun 30 6,812 7,083 7,357 7,658 8,012 8,305 8,534 8,680 8,833 8,976 9,181 9,354 9,614 9,904 10,222 10,464 10,922 11,454 11,971 12,604 13,221 13,853 14,482 15,158 15,796 16,560 17,325 17,876 18,033 17,901
Federally Insured Credit Unions as of Dec. 31 na 6,350 as of Sep 30 6,554 6,819 7,094 7,554 7,749 7,806 8,101 8,362 8,695 9,014 na na na na na na na na na na na na na na na na na na na na
Federally Supervised Thrifts
Period/Date
Level
Number of Thrifts Supervised by the Office of Thrift Supervision Dec. 31, 2008 810
Number of Thrifts Supervised by the Office of Thrift Supervision Dec. 31, 2007 827
Number of Thrifts Supervised by the Office of Thrift Supervision

 

Dec. 31, 2006 845
Mortgage Brokers
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
Active Mortgage Brokerages (Wholesale Access)
na na na
53,000
54,000
53,000
50,000
44,000
37,000
30,000
33,000
36,000
31,000
27,000
23,000
20,000
18,000
16,000
14,000
12,000
Active Mortgage Brokerages as of Dec. 31 (Ellie Mae) 15,000 na na na na na na na na na na na na na na na na na na na
Active Mortgage Brokerages (NAMB)
70,000 (Feb. 24) na na na na na na na na na na na na na na na na na na na
Active Mortgage Brokerages (Goldline) 20,000
(Feb.)
na 55,000
(Feb.)
na na na na na na na na na na na na na na na na na
Broker Share (Wholesale Access) na na na 58% 61% 63% 68% 65% 61% 55% 62% 69% 64% 58% 54% 52% 50% 45% 42% 34%
Broker Share (OFHEO)

 

na na na na na na na na na 28% 26% 28% 26% 22% 21% 18% 29% na na na
Active Mortgage Originators as of Dec. 31 (Ellie Mae) 253,000 na na na na na na na na na na na na na na na na na na na
Reverse Mortgage Lenders
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008

Active HECM Lenders as of Dec. 31 (RMI)

 

379 as of Aug 31 420 469 489 543 560 1,311 2,221 3,123 2,946
Loan Limits 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
2008
2007
2006
2005
2004
2003
2002
Maximum Conforming Limit $484,350 $453,100 $424,100 $417,000 $417,000 $417,000 $417,000 $417,000 $417,000 $417,000 $417.000 $417,000 $417,000 $417,000 $359,650 $333,700 $322,700 $300,700
Maximum High-Cost Conforming Limit $726,525 $679,650 $636,150 $625,500 $625,500 $625,500 $625,500 $625,500 $729,750 until Sep. 30 then $625,500 until Dec. 31 $729,750 $729,750 $729,750 $417,000
FHA Limit na $294,515 $275,665 $271,050 $271,050 $271,050 $271,050 $362,790 $362,790 $362,790 $362,790 $362,790 $362,790 $362,790 $312,895 $290,319 $280,750 $261,609
FHA Limit in High-Cost Areas na $679,650 $636,150 $625,500 $625,500 $625,500 $729,750 $729,750 $729,750 $729,750 $729,750 $729,750 na na na na na na
VA Limit na na na $417,000 $417,000 $417,000 $417,000 $417,000 $417,000 $417,000 $417,000 $729,750 $417,000 $362,790 $333,700 $333,700 $322,700 $203,000
Temporarily Higher VA Limits (based on county as required by Veterans’ Benefit Improvement Act of 2008) na na na $625,500 $625,500 $1,094,625 $1,094,625 $1,094,625 $1,094,625 $1,094,625 $1,094,625 na na na na na na na
Home Equity Conversion Mortgage Limit na $679,650 $636,150 $625,500 $625,500 $625,500 na na $625,500 $625,500 $625,500
(Feb. 24)
$417,000
(as ofNov. 6)
$362,790
(prior to Nov. 6)
na na na na na na
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