Mortgage originations reported under the Home Mortgage Disclosure Act dropped about 21.8 percent from 2003 to 2004, according to a new Inside Mortgage Finance analysis of data released this week by the Federal Reserve Board. According to the Fed data, a total of $2.438 trillion of home-purchase and refinance mortgages were reported as originations under HMDA. That was down 21.8 percent from the $3.120 trillion reported under HMDA for 2003. … [One data table included]