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High Interest Loans (pre-2010) as Share of Home Purchase Loans
Year: 2009; Region: Largest 4 MSAs


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Notes and Sources
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 Scale Range: 0.0% - 5.0%       0.0%0.6%1.1%1.7%2.2%2.8%3.3%3.9%4.4%5.0%
Chicago-Naperville-Joliet, IL-IN-WI 2009 5.0% Barchart image
Los Angeles-Long Beach-Santa Ana, CA 2009 4.5% Barchart image
New York-Newark-Edison, NY-NJ-PA 2009 3.0% Barchart image
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2009 4.4% Barchart image

Definition: Share of home purchase loans that have an APR (annual percentage rate) at least 3 percentage points higher than the interest rate of U.S. Treasury securities of the same maturity.

Notes: Due to changes in the definition of high interest loans, this indicator only reflects loans with application dates before October 1, 2009.  Includes only originated, first-lien loans for owner-occupied, 1-4 family homes or manufactured homes. 

Source: Analysis of Home Mortgage Disclosure Act Data from the Federal Financial Institutions Examination Council.