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MARKET BENCHMARKS · HMDA PUBLIC DATA

New York mortgage market benchmarks

New York origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

232,239

+11.2% vs 2024

2024: 208,787

Volume 2025

$116.18B

originated $
2024: $93.03B

Denial rate 2025

19.8%

denied / actioned
2024: 21.1% denied / actioned

Reporting lenders 2025

756

HMDA reporters
2024: 756 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$62.5B$125B$187.5B$250B20182019202020212022202320242025$116.18B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%13.3%26.6%2018201920202021202220232024202519.8%

New York market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025756394,036232,239$116.18B2025 origination volume232,239 loans originated19.8%2025 denial rate394,036 applications actioned51.6%38.1%
2024756355,379208,787$93.03B2024 origination volume208,787 loans originated21.1%2024 denial rate355,379 applications actioned55.3%32.5%
2023771346,879203,124$84.69B2023 origination volume203,124 loans originated21.7%2023 denial rate346,879 applications actioned56.5%30.1%
2022795500,409307,100$150.75B2022 origination volume307,100 loans originated18.6%2022 denial rate500,409 applications actioned51.1%45.9%
2021780719,116474,105$207.21B2021 origination volume474,105 loans originated14.5%2021 denial rate719,116 applications actioned39.3%70.8%
2020786643,505399,615$169.18B2020 origination volume399,615 loans originated16.7%2020 denial rate643,505 applications actioned36.9%70.9%
2019791513,731307,730$134.86B2019 origination volume307,730 loans originated21.2%2019 denial rate513,731 applications actioned48.0%53.5%
2018836476,789283,471$112.20B2018 origination volume283,471 loans originated23.1%2018 denial rate476,789 applications actioned51.4%46.6%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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