Home loans to low and moderate income borrowers declined from nearly 31% in 2012 to 26% in 2013, the Federal Financial Institutions Examination Council said.

Meanwhile, the share of refinanced home loans to those same borrowers increased slightly from 19% in 2012 to 20% in 2013, according to FFIEC data collected from mortgage lenders under the Home Mortgage Disclosure Act, which was released Monday.

The data included disclosure statements from each covered institution, aggregate data from each Metropolitan Statistical Area, nationwide summary statistics of lending patterns and loan application registers.

Last year's data included information on 14 million home loan applications, of which 8.7 million resulted in home loans being booked for the first time and nearly 2.8 million loan purchases, the FFIEC said.

Due to mergers, acquisitions and failures, the number of institutions still in business that reported HMDA data decreased to 7,190, which was down 3% in 2012 and down from a high of 8,900 in 2006, according to the FFIEC.

Instant Insights /

Mortgages to Low, Moderate Income Borrowers Drop

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