FRC Statistic · FRC-024 · 2025 federal record

What share of FHA denials cite "incomplete application"?

Q: What share of FHA denials cite "incomplete application"?

Across the 95 of the 100 largest FHA lenders that report denial reasons, the median lender cites "application incomplete" on 2.8% of its denials in 2025, but the share reaches 75.2% at Carrington Mortgage Services LLC, per FinanceRateCalc analysis of federal HMDA records; reason fields are not a partition, and a high share is a filing-practice observation, not evidence of misconduct.

2.8%

median share across the 100 largest FHA lenders — but 75.2% at Carrington and 73.7% at Lakeview

In the 2025 federal HMDA record, "incomplete application" is a marginal reason on formal FHA denials at most lenders (median 1.8% of cited reasons; mean 9.1%). At a small cluster of servicer-rooted lenders it is the dominant one. Reason shares are computed on cited reasons of action-3 denials only; files administratively closed for incompleteness (action 5) are excluded. Full story: The Incomplete Wall.

Regenerated from the repository's data files on 2026-09-22 by scripts/build_stat_pages.py; universe per universes.json. An earlier hand-written version (2026-07-21) carried different figures; see corrections.

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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.