The Mortgage Bankers Association (MBA) today released a new Mortgage Market report, which details the number and dollar amount of mortgage originations sold by type of purchaser. The new report, 2003 Mortgage Originations by Purchaser Type and State, breaks purchase originations into totals by all of the major players in the secondary market (Fannie Mae, Freddie Mac, Ginnie Mae, Commercial Banks, Savings Institutions, Life Insurance Companies, Affiliate Institutions and Other Purchasers) for each state.

On a national basis, Fannie Mae purchased 4.98 million loans (totaling $754 billion) compared with 2.95 million loans ($425 billion) by Freddie Mac, 721,000 loans ($88 billion) by Ginnie Mae, and 491,000 loans ($96 billion) by Commercial Banks. In 2003, California, the state with the largest mortgage market, had almost 2.6 million loans purchased, while Wyoming only had 21,000 purchase originations.

The mortgage market summary reports are based on mortgage lending transactions at more than 8,100 financial institutions covered by the Home Mortgage Disclosure Act (HMDA) in metropolitan statistical areas throughout the nation. Covering more than 34 million loans, the HMDA data provides the most comprehensive source of mortgage originations.

"These and other HMDA-based reports represent an expanded effort by the MBA to provide market data to our members in a form that is low-cost and easy to use," said Jay Brinkmann, MBA's vice president of research and economics.

If you are member of the media and would like a copy of the reports, please contact MBA's public affairs department. If you are not a member of the media and would like to view the report list and download an order form to purchase the data, visit MBA's Web site at www.mortgagebankers.org/marketdata/dataondmd.html or please call (202) 557-2818 (Monday-Friday, 9:00 a.m.-5:00 p.m., ET).

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