The 2007 HMDA data showed a 22% decline in reported home loan applications and a 25% decline in reported loans compared to 2006, reflecting severe stress in the mortgage market.
Observational (n=21,400,000)
The 2007 HMDA data document a sharp contraction in mortgage lending activity, particularly in the higher-priced segments, reflecting the onset of the mortgage market turmoil.
jats:p/
Avery et al. (Tue,) reported a observational. The 2007 HMDA data showed a 22% decline in reported home loan applications and a 25% decline in reported loans compared to 2006, reflecting severe stress in the mortgage market.
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