Investor Purchase Share

The share is reported over a window of up to three years ending in the most recent published activity year.

The most important limitation is that this is a share of mortgaged purchases, not of all purchases. Cash buyers do not appear in the Home Mortgage Disclosure Act register at all, and investors buy for cash more often than owner-occupants do. In markets with heavy cash investment the true investor share of transactions is higher than the reported figure, and the gap is not measurable from this data.

Occupancy is the borrower's stated intent at the time of the loan, recorded because the lender relied on it in underwriting. It is not verified afterwards, and a property's actual use can diverge from it.

Purchases by entities that borrow outside the mortgage market — portfolio lenders, private credit, or corporate balance sheets — are also outside the register's scope, so large-scale institutional buying can be understated.

The tract is the tract of the property. In tracts with few purchase loans the share rests on a handful of transactions. Coverage follows institutions above the Act's reporting thresholds, and the published file is revised as institutions resubmit; see the source page.