The Heller School For Social Policty And Management The Heller School For Social Policy and Management Brandeis University
High Interest Loans (pre-2010) as Share of Refinance Loans
Year: 2009; Region: Largest 4 MSAs

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 Scale Range: 0.0% - 3.1%       0.0%0.3%0.7%1.0%1.4%1.7%2.1%2.4%2.8%3.1%
                  
Chicago-Naperville-Joliet, IL-IN-WI 2009 2.9% Barchart image
Los Angeles-Long Beach-Santa Ana, CA 2009 1.1% Barchart image
New York-Newark-Edison, NY-NJ-PA 2009 2.0% Barchart image
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2009 3.1% Barchart image
                  
        0.0%0.3%0.7%1.0%1.4%1.7%2.1%2.4%2.8%3.1%

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.