No longer published. This page described a quarterly measure and a commercial offering, neither of which the underlying record or this site supports.
HMDA is annual and the public file carries no decision date, so quarterly figures cannot be computed from it. And nothing on this site is sold to lenders — no institution pays FinanceRateCalc anything, and none can be added to or removed from any published table by request.
What the record supports annually: eight-year lender trajectories · corrections
The lender denial patterns maps where competitors are tightening, where market opportunity is opening, and what the data says about next quarter. Built from 7 years of CFPB HMDA data. Updated quarterly.
geography matter. Here's where large banks have pulled back and where market share is available.
Seven years of HMDA data reveals exactly how major lenders behave across market cycles. This is the competitive intelligence your credit committee needs.
| Lender | FHA Denial Rate | Conv Denial Rate | FHA Volume | Signal |
|---|---|---|---|---|
| UWM | 19.9% | 12.0% | 74,402 | Aggressive — low overlay |
| National Average | 22.5% | 21.0% | 826,925 | Baseline |
| Rocket Mortgage | 28.4% | 16.8% | 66,721 | FHA active, conv efficient |
| loanDepot | 37.0% | 18.4% | 20,996 | FHA overlay elevated |
| Wells Fargo | 58.5% | 30.9% | 848 | Exited FHA — market open |
Source: CFPB HMDA Data Browser 2024. Full dataset: financeratecalc.com/hmda-master-dataset.json (CC BY 4.0)
OFI correlation with mortgage rates: r = 0.90 in-sample (out-of-sample MAE 5.56 across 8 tested quarters). Correlation with FHA denial rate trends: r = 0.698. Here's how OFI signals compared to what actually happened:
Full methodology and data: financeratecalc.com/ofi-methodology.html · financeratecalc.com/methodology.html
OFI public data is free and always will be. The Lender Intelligence Report goes deeper — segment analysis, state-level breakdown, competitor overlay mapping, and credit policy recommendations.
Not financial advice. OFI is an observational market metric. All HMDA data sourced from CFPB HMDA Data Browser (public federal data, CC BY 4.0). Lender Intelligence Report launches Q3 2026. © 2026 FinanceRateCalc Research Division. Ziya Y., banking professional.
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.