Study Finds IMBs Originated 83% Of All Single-Family Mortgages In 2024
Community Home Lenders of America (CHLA) released its yearly research study report titled, “CHLA 2024 Report on Independent Mortgage Banks.” Here’s what it found:
In addition to its key finding that IMBs originate the vast majority (83%) of all single-family mortgage loans, the study also revealed that IMBs outperform bank loans to minorities and other underserved borrowers. IMBs, particularly smaller ones, have almost no taxpayer or systemic risk, and the loans they offer provide consumers with greater protections than bank mortgage loans. The study also highlighted last year’s significant public policy advocacy successes for IMBs – including replacing GSE repurchase demands with indemnifications, more Ginnie Mae flexibility, and a CFPB focus on exploding third party provider costs.
“This year’s findings underscore what the CHLA has known for years – which is to say IBMs are having a tremendous, positive impact on the mortgage industry and they should no longer be overlooked,” said Scott Olson, Executive Director of CHLA. “Our hope is that members of Congress will carefully weigh these findings and use them to shape public policy regarding mortgage lending in the months to come.”
The CHLA conducts this study and publishes its annual IMB Report to educate both the public and federal officials about the important role that IMBs play in the U.S. housing market. It is proud to represent and support IMBs in their ongoing effort to help individuals pursue the dream of homeownership.
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