2025 activity year · Official source proof
Michigan mortgage market
Reported mortgage application activity from the official CFPB/FFIEC HMDA Data Browser, with purchased loans excluded from the application denominator.
Activity year
2025
Action taken
What happened to applications?
Originated59.2% · 229,505
Approved, not accepted3.6% · 13,843
Denied18.3% · 70,986
Withdrawn12.9% · 49,832
File closed for incompleteness4.9% · 19,060
Preapproval denied0.1% · 441
Preapproval approved, not accepted1.0% · 4,047
“Originated” means the reported application resulted in a loan. It is not an approval probability for a future applicant.
Loan purpose
Why people applied
42%Home purchase
- Home purchase42.3%
- Home improvement11.8%
- Other purpose13.0%
- Not applicable0.0%
- Refinancing15.6%
- Cash-out refinancing17.4%
Next source gate
Denial reasons are not published yet.
That analysis requires the raw modified-LAR pipeline, reason-code reconciliation, and small-cell review. We will not fill the gap with estimates or unsupported conclusions.
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Data provenance
Every published number will carry its source.
This profile identifies the activity year, cohort rules, source endpoint, response hash, and processing date. Source: CFPB/FFIEC HMDA Data Browser API. Last refreshed September 2, 2026.