Federal Home Finance Agency Loan Denials Rising

Posted on Aug 27, 2012

As conservator for Fannie Mae and and Freddie Mac, the Federal Home Finance Agency gets access to a bevy of mortgage-related closing information including average mortgage rates for U.S. mortgage applicants and detailed HARP mortgage statistics.

For , however, the FHFA falls short. For that, private-sector firm Ellie Mae is the top mortgage application information provider. According to Ellie Mae, the number of mortgage application denied in underwriting is increasing. Fewer mortgage applicants are ever making it to closing.

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