For Black, Hispanic and Asian applicants, we look at how much more often Everett Financial turns them down than White
applicants: the gap. Then we compare that gap with the gap at similar lenders, for similar applications: the same
income, loan size, debt-to-income range, loan-to-value, loan type, kind of property and place.
"Bigger gap" means we are at least 99% sure the gap is bigger than at similar lenders. That is a reason to look
closer, not proof of discrimination. The public data has no credit scores and none of the documents a lender
reviews, and the kind of loans a lender makes can widen a gap for good reasons. Each result below gives the numbers
and the explanations they allow.
FIG. 1 — GAPS AGAINST SIMILAR LENDERS
Everett Financial's gap is bigger than at similar lenders for Black purchase applicants.
Each dot compares Everett Financial's gap with the gap at similar lenders: at 1x they are the same, at 2x its gap is twice as large. A gap is how much more likely the group is to be turned down than White applicants. The line around each dot shows the range the true value probably lies in (95%). Amber: groups where we are at least 99% sure the gap is bigger.
SOURCE: FFIEC HMDA 2025; JENNER ANALYTICS NATIONAL DENIAL MODEL
Black purchase
Everett Financial's gap for Black purchase applicants is bigger than at similar lenders.
How sure we are that the gap is bigger than at similar lenders: 99.3%.
Of the purchase applications it decided in 2025, it turned down 15% of 1,346 from Black applicants and 5% of 5,652 from White applicants. The most common reason: too much debt for the income, given for 49% of the Black applicants turned down and 33% of the White applicants turned down.
Too much debt for the income is given much more often for Black purchase applicants (49% of those turned down, against 33% of White applicants). Our comparison sorts applicants into debt-to-income ranges, so differences within a range would show up as a gap.
The public data has no credit scores, savings or full credit histories, so our comparison cannot allow for them. A difference in them between the groups applying would produce a gap like this one.
FIG. 2 — REASONS FOR TURNING APPLICANTS DOWN, 2025
Why applications were turned down, beside White applicants at the same lender.
Each bar is 100% of the applications the lender decided for that group; the coloured part was turned down, split by the main reason the lender gave, and the rest were approved. Applications the applicant withdrew are not counted.
SOURCE: FFIEC HMDA 2025, FIRST REASON GIVEN
Applicants
Turned down: group
Turned down: White
How sure the gap is bigger
Result
Hispanic purchase
8%
5%
84.3%
Not clearly bigger
Hispanic refinance
17%
10%
86.7%
Not clearly bigger
Black purchase
15%
5%
99.3%
Bigger gap than at similar lenders
Asian purchase
7%
5%
82.1%
Not clearly bigger
"How sure the gap is bigger": how sure we are that the lender's gap is bigger than at similar lenders. We call it bigger at 99% or more.
Not tested, too few applications: Black refinance, Asian refinance. A test needs, for that loan purpose, at least 100 decided applications from the group and from White applicants, with at least 20 of each turned down and 20 approved.