How Mortgages Change Before Origination

33 Pages Posted: 20 Apr 2021

See all articles by CFPB Office of Research

CFPB Office of Research

Consumer Financial Protection Bureau; Consumer Financial Protection Bureau

Eva Nagypal

Consumer Financial Protection Bureau

Dustin Beckett

Consumer Financial Protection Bureau

Brian Bucks

Consumer Financial Protection Bureau

Nicholas Li

University of California, Berkeley

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

Submitter, BCFP 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

BCFP Data Point Submitter (Contact Author)

Consumer Financial Protection Bureau ( email )

United States

Consumer Financial Protection Bureau ( email )

United States

Eva Nagypal

Consumer Financial Protection Bureau ( email )

United States

Dustin Beckett

Consumer Financial Protection Bureau ( email )

United States

Brian Bucks

Consumer Financial Protection Bureau ( email )

United States

Nicholas Li

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

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