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FinanceRateCalc Original · HMDA 2018–2025
Lender Stress Index
(LSI)
Not a quality ranking. A behavior model.
OFI → market friction input·
LSI → how sensitive each lender is to OFI·
Slider → simulate different market conditions
⚠️ Educational Only — LSI derived from CFPB HMDA 2018–2025. Statistical pattern, not prediction. Individual outcomes vary. Not financial advice.
All Lenders — Sorted by Current LSI
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AI routing · 8 years HMDA · OFI-adjusted
Zai Routing →
What LSI measures: How much does this lender's FHA denial rate rise when market OFI increases? Based on 8 years × the 100 largest lenders × 51 states of CFPB HMDA data. LSI is not a quality score — a lender with LSI 6 may still have a higher denial rate than one with LSI 57. It measures sensitivity to market conditions, not absolute performance. Source: CFPB HMDA 2018–2025 · All-cash purchases (~39% of 2025 sales) are not captured in HMDA and excluded from this analysis. · Educational purposes only.
LSI is a FinanceRateCalc original composite metric. Not affiliated with any lender. Not a rating or recommendation.
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Companion table: FHA denial rates by lender (2025), all 11 ranked →
The part almost nobody publishes free
Prices and rates are widely reported. Whether a lender says yes is not. In the complete 2025 federal record, denial rates across the 100 largest FHA lenders ran from 1.8% to 78.7% — same programme, same year.
And it is not simply who applies where: standardizing on state, loan amount, income, debt-to-income and loan-to-value, applicant mix explains only a 2.7× range in expected outcomes.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published per market, not all lenders. Historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.