Home Mortgage Disclosure Act (HMDA) home purchase data: summary for New England, 2003

Julia Reade

No 2006-1, Public and Community Affairs Discussion Papers from Federal Reserve Bank of Boston

Abstract: This paper provides summary statistics for home purchase data collected under the Home Mortgage Disclosure Act in 2003. In addition to aggregate totals, patterns by income and race / ethnicity are also described. These analyses of HMDA data have been conducted to examine access to home purchase loans, while focusing on traditionally underserved populations ? low- and moderate- income (LMI) households and minorities. Overall lending activity has risen in recent years in New England, driven mainly by increasing volumes of applications from LMI and minority households. Although higher income households received more favorable origination and denial rates than lower income households, gaps between groups have narrowed significantly over recent years. In contrast, origination and denial rate gaps between whites and minorities (particularly African Americans and Hispanics) have widened. Gaps between whites and minorities are wider at higher income levels.

Keywords: Home Mortgage Disclosure Act; Home ownership - New England; Mortgage loans - New England (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bostonfed.org/commdev/pcadp/2006/pcadp0601.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbpc:2006-1

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Public and Community Affairs Discussion Papers from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().