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» Denial Rates Creep Slightly Higher in 2003 HMDA Data, Minority Originations Rise
Denial Rates Creep Slightly Higher in 2003 HMDA Data, Minority Originations Rise
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Despite a record $3.32 trillion in home loan originations reported in 2003 under the Home Mortgage Disclosure Act, the share of loan applications rejected by lenders actually inched higher, according to a new Inside Mortgage Finance analysis.