The Federal Financial Institutions Examination Council released data on 2019 mortgage lending transactions covered by the Home Mortgage Disclosure Act. The number of reporting institutions declined by roughly 3 percent from the previous year to 5,508.
Among the 15.1 million reported home loan applications, 12.5 million were closed-end (up 21 percent), 2.1 million were open-end (down 9 percent), and another 442,000 were not reported as closed-end or open-end due to the S. 2155 regulatory relief law's partial exemptions.