Mortgage Denial Rates
In: Housing Interactive Maps
27 Jun 2011Percent of mortgage applications that were denied in 2010. “In all, the nation’s 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an increase from 23.5% in 2009.”
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2 Responses to Mortgage Denial Rates
Steven
June 27th, 2011 at 1:52 pm
It’d be interesting to see this info from the housing bubble years with a current map of foreclosures overlaid.
I wonder if one of the reasons Texas hasn’t been hurt much by the housing crisis is because it had responsible mortgage denial policies.
Tony Chinnici
June 28th, 2011 at 10:57 am
Isn’t this a question of who is applying for loans? So this chart answers a huge blend of questions at once, resulting in some pretty colors that may not really have that much discernible meaning.