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MARKET BENCHMARKS · HMDA PUBLIC DATA

Maryland mortgage market benchmarks

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

Originations 2025

126,664

+8.4% vs 2024

2024: 116,805

Volume 2025

$45.00B

originated $
2024: $40.59B

Denial rate 2025

18.8%

denied / actioned
2024: 19.8% denied / actioned

Reporting lenders 2025

823

HMDA reporters
2024: 829 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$50B$100B$150B$200B20182019202020212022202320242025$45.00B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%11.9%23.8%2018201920202021202220232024202518.8%

Maryland market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025823228,948126,664$45.00B2025 origination volume126,664 loans originated18.8%2025 denial rate228,948 applications actioned50.3%47.4%
2024829206,014116,805$40.59B2024 origination volume116,805 loans originated19.8%2024 denial rate206,014 applications actioned56.1%38.8%
2023856181,522102,386$34.81B2023 origination volume102,386 loans originated20.6%2023 denial rate181,522 applications actioned61.3%32.6%
2022899276,483157,249$56.24B2022 origination volume157,249 loans originated18.1%2022 denial rate276,483 applications actioned53.0%51.5%
2021906520,376330,013$113.69B2021 origination volume330,013 loans originated12.2%2021 denial rate520,376 applications actioned32.9%79.8%
2020900495,339312,768$107.30B2020 origination volume312,768 loans originated12.1%2020 denial rate495,339 applications actioned30.8%76.3%
2019856304,842180,370$59.03B2019 origination volume180,370 loans originated17.4%2019 denial rate304,842 applications actioned48.4%56.1%
2018850251,722144,123$43.28B2018 origination volume144,123 loans originated20.7%2018 denial rate251,722 applications actioned57.7%44.1%

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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