Mortgage Applications

Disposition of Loan Applications (HMDA Data)

Chart detailing volume of applications for government-backed purchase, conventional purchase, refinance, and all mortgages. Each category includes one matrix that lists applications, originations, closing rate, and denial rate by race/ethnicity (Asian, Black, White, Not Available, Total and Hispanic) and a second matrix by income as a percentage of MSA median. In addition to volume, the chart lists sequential change for applications and originations and prior-period rate for closing and denial rates.

2015 Data

2014 Data

2013 Data

Reasons for Mortgage Application Denials (HMDA Data)

Chart detailing percent of applications denied for government-backed purchase, conventional purchase, refinance, and all mortgages for the following reasons: debt/income, employment history, credit history, collateral, insufficient cash, unverified information, credit application incomplete, mortgage insurance denial, and other. Breakout provided by race/ethnicity (Asian, Black, White, Not Available, Total and Hispanic) for government-backed purchase, conventional purchase and refinance and by income as a percentage of MSA median for all mortgages.

2014

2013

Jumbo Denial Rates (HMDA Data)

Application volume and denial rate for jumbo loans and jumbo purchase loans by lender for top 25 jumbo lenders.

2015

Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results