Research
Analysis and methodology on U.S. mortgage lending, built on authoritative public data.
- AnalysisJuly 5, 20263 min read
Mortgage denial disparities by race in 2024 HMDA data
In 2024 HMDA home-purchase data, Black and American Indian applicants were denied at roughly 2.2x the White rate — a stark but unadjusted gap that screens for review, not proof of discrimination.
- AnalysisJuly 5, 20263 min read
Government-lending monitor: FHA, VA and USDA in Ginnie Mae's May 2026 disclosure
Ginnie Mae's May 2026 single-family loan-level disclosure covers 154,562 loans and $52.6B in UPB — FHA leads by count, VA by average balance, and the top four issuers hold 41% of the pool.
- AnalysisJuly 5, 20264 min read
FHA lender-risk outliers: reading Neighborhood Watch compare ratios
HUD's Neighborhood Watch compare ratio benchmarks each FHA lender's early-default and claim experience against its geographic peers — here's how to read the outliers without over-reading them.
- AnalysisJuly 5, 20263 min read
Where mortgage complaints concentrate: CFPB data points at servicers, not originators
Roughly three-quarters of CFPB mortgage complaints since 2024 are servicing-stage, and the complaint leaderboard is dominated by servicers and special/default shops — an operational-risk signal, not an origination one.
- AnalysisJuly 5, 20264 min read
The 2025 GSE credit box: FICO, LTV, and DTI across Fannie and Freddie
A distributional read of 1.6M 2025 Fannie and Freddie acquisitions: two nearly identical conforming credit boxes — median FICO 763-767, LTV 80, DTI 39 — with a third above the old QM line.