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

Federal Reserve
BULLETIN

Current Bulletin

Accessible Versions of Figures

Figure 1. Number of home-purchase and refinance mortgage originations reported under the Home Mortgage Disclosure Act, 1994-2015

Millions of loans
Year Home purchase Refinance
1994 3.18 2.21
1995 3.11 1.44
1996 3.49 2.33
1997 3.59 2.54
1998 4.20 6.31
1999 4.45 4.05
2000 4.37 2.24
2001 4.48 7.36
2002 4.57 9.59
2003 4.92 14.10
2004 4.79 6.50
2005 4.96 5.77
2006 4.43 4.47
2007 3.45 3.66
2008 2.63 2.93
2009 2.45 5.30
2010 2.22 4.52
2011 2.07 3.86
2012 2.34 5.93
2013 2.70 4.39
2014 2.81 2.00
2015 3.20 2.84

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 2. Nonconventional share of home-purchase mortgage originations, 1994-2015

Percent
Year Conventional FHA VA FSA/RHS
1994 77.49 15.74 6.56 0.21
1995 76.57 16.65 6.47 0.31
1996 75.44 18.21 5.90 0.46
1997 74.84 19.26 5.38 0.53
1998 76.97 17.32 5.11 0.60
1999 76.55 18.61 4.35 0.49
2000 77.98 17.90 3.76 0.36
2001 77.61 18.25 3.71 0.43
2002 80.94 15.37 3.28 0.41
2003 84.53 12.11 2.88 0.48
2004 87.95 9.05 2.55 0.45
2005 91.17 6.15 2.28 0.40
2006 90.60 6.35 2.60 0.44
2007 87.77 8.22 3.20 0.82
2008 62.76 29.49 5.60 2.15
2009 46.13 41.58 7.50 4.79
2010 47.33 40.85 7.97 3.85
2011 50.12 35.44 9.05 5.39
2012 55.31 30.49 8.88 5.32
2013 62.20 23.81 9.11 4.88
2014 63.70 21.27 10.25 4.78
2015 60.95 25.29 10.15 3.61

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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Last update: February 2, 2017