Yes. All lender behavior data is computed from CFPB HMDA public use files. The 2025 layer covers 1,187,606 decisioned FHA applications across the 100 largest lenders and 320 metro areas; an eight-year series (2018–2025) covers major lenders and all states. Methodology is published and every figure is reproducible from the raw federal file. No estimates, no surveys.
Can I cancel anytime?
Yes. Cancel from your account dashboard at any time. You keep access until the end of your billing period. No questions asked.
Does this replace my mortgage broker?
No. FRC is intelligence, not advice. It tells you which lender types historically approve profiles like yours, based on 8 years of federal data. Your broker or lender makes the final decision.
What is Zai for Brokers?
It's the full-access tier — unlimited file analysis on the federal record, the complete 11-lender matrix, LSI alerts, and PDF evidence reports. Built for active homebuyers and for brokers/agents who want the full data picture for their own clients today.
Is there a multi-client dashboard for brokerages?
Not yet — it's in development. Join the waitlist above and you'll be notified when CSV bulk upload, white-label client reports, and the broker dashboard launch.
Is there a free trial?
Free tier is permanent — no time limit, no credit card. Upgrade only when you need more file analyses or the full lender matrix.
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No SSN. No credit pull. No risk.
FRC never requests your Social Security Number or pulls your credit. All analysis is based on your self-reported profile matched against federal HMDA data patterns. Educational only — not financial advice.
The Report · PDF
The Mortgage Black Hole Report 2025
Every major FHA lender's 97%+ denial zone, mapped cell by cell — plus how the same zone is treated by five other lenders. 11 pages, 1,187,606 records, full methodology.
Instant download · Secure checkout by Lemon Squeezy
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.
FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.