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Home » ‘EarlyLook’ HMDA Data Show Drop in Denial Rate
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‘EarlyLook’ HMDA Data Show Drop in Denial Rate

May 13, 2016
A preliminary analysis of 2015 Home Mortgage Disclosure Act reports suggests that loan denial rates declined slightly last year. ComplianceTech, a supplier of fair lending and HMDA technologies for lenders and others, recently released an “EarlyLook” at its online Lending Patterns database of HMDA reports. A group of 175 lenders had a combined $730.9 billion in mortgage originations last year, up 35.7 percent from its volume back in 2014. The 175 aren’t necessarily the ...
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