The Heller School For Social Policty And Management The Heller School For Social Policy and Management Brandeis University
Refinance Loan Denial Rate by Race/Ethnicity
Year: 2010; Race/Ethnicity: Non-Hispanic White, Hispanic, Non-Hispanic Black and Non-Hispanic Asian/Pac. Islander; Region: Largest 4 MSAs

Year



Race/Ethnicity




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  • Non-Hispanic White
  • Hispanic
  • Non-Hispanic Black
  • Non-Hispanic Asian/Pac. Islander
         
 Scale Range: 0.0% - 36.3%         0.0%4.0%8.1%12.1%16.1%20.2%24.2%28.2%32.3%36.3%
                    
Chicago-Naperville-Joliet, IL-IN-WI Non-Hispanic White 2010 15.8% Barchart image
Hispanic 2010 30.4% Barchart image
Non-Hispanic Black 2010 34.5% Barchart image
Non-Hispanic Asian/Pac. Islander 2010 16.2% Barchart image
Los Angeles-Long Beach-Santa Ana, CA Non-Hispanic White 2010 16.2% Barchart image
Hispanic 2010 22.1% Barchart image
Non-Hispanic Black 2010 24.1% Barchart image
Non-Hispanic Asian/Pac. Islander 2010 15.9% Barchart image
New York-Newark-Edison, NY-NJ-PA Non-Hispanic White 2010 21.5% Barchart image
Hispanic 2010 32.6% Barchart image
Non-Hispanic Black 2010 36.3% Barchart image
Non-Hispanic Asian/Pac. Islander 2010 22.8% Barchart image
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Non-Hispanic White 2010 16.6% Barchart image
Hispanic 2010 27.8% Barchart image
Non-Hispanic Black 2010 32.2% Barchart image
Non-Hispanic Asian/Pac. Islander 2010 19.4% Barchart image
                    
          0.0%4.0%8.1%12.1%16.1%20.2%24.2%28.2%32.3%36.3%

Definition: Share of refinance loans that were denied by lender.

Notes: Based on applications for first-lien loans for owner-occupied, 1-4 family homes or manufactured homes. Denials include a small number of pre-approval requests denied by financial institution. Race/ethnicity refers to the primary borrower.  Hispanics may be of any race. When borrower self identifies as more than one race, race category refers to first race specified. Excludes metros with less than 50 applications from specified race/ethnic group. 

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