How Mortgages Change Before Origination
33 Pages Posted: 20 Apr 2021
Date Written: October 1, 2020
Abstract
This Data Point provides new information about the types of changes that occur during the mortgage origination process, their size and prevalence, and when they (and other mortgage milestones) occur in the mortgage origination process. This information is taken from a dataset of disclosure forms from roughly 50,000 mortgages originated between March 2016 and November 2017. Because lenders are required to provide new disclosure forms to consumers when mortgages change in certain ways, this analysis provides a window into how mortgages change and when these changes are disclosed to consumers.
Suggested Citation: Suggested Citation
Submitter, CFPB Data Point and Nagypal, Eva and Beckett, Dustin and Bucks, Brian and Li, Nicholas, How Mortgages Change Before Origination (October 1, 2020). Consumer Financial Protection Bureau Office of Research Reports Series No. 20-12, Available at SSRN: https://ssrn.com/abstract=3827537
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