California Still Tops in Mortgage Lending, But Trailed U.S. in 2003 Market Growth
September 23, 2004
California remained the dominant housing market in the U.S., accounting for 24.4 percent of all mortgage originations reported under the Home Mortgage Disclosure Act. But the Golden State also posted a significantly slower-than-average 11.0 percent growth rate in 2003. The fastest-growing major mortgage markets last year were Florida, New York, Texas and New Jersey, according to a new 2003 HMDA analysis by Geosegment Systems. All these top-10 states posted year-to-year gains of 25 percent or more,…