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A boom in refinances helped drive a 26% increase in mortgage originations

A boom in refinances helped drive a 26% increase in mortgage originations

In 2019, in line with the latest Home Mortgage Disclosure Act (HMDA) information released by the Federal finance institutions Examination Council. Refinance loans jumped 78% within the 12 months, while house purchase loans increased by 4%.

Despite their growing share of the market, African American and Hispanic white borrowers proceeded to see greater denial rates in 2019.