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High Interest Rate Loans (pre-2010) as Share of Home Purchase Loans by Race/Ethnicity and Income
Year: 2009; Race/Ethnicity: Non-Hispanic White; Income: Low-Income; Region: 50 Largest MSAs

Year
Race/Ethnicity




Income


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Notes and Sources
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  1.9% 5.6% 9.4% 13.1% 16.9% 20.6% 24.4% 28.1% 31.9%
  0.0% 3.8% 7.5% 11.3% 15.0% 18.8% 22.5% 26.3% 30.0% 33.8%
 

# of MSAs

    Buf...                                
15     Nas...                                
    Atl...                                
    San...                                
    Col...                                
    Pro... Cin...                              
10   Ric... San... Mia...                              
  Den... Ind... Jac...                              
  Min... Las... St....                              
  Bos... Pho... Dal...                              
  Vir... Aus... Tam...                              
5   Har... Chi... Orl... Hou...                            
  Por... Roc... Sac... San...                            
  New... Phi... Mem... Riv...                            
  Sea... Mil... Los... Okl...                            
  Was... Cha... San... Cle... Pit... Bir...                        
0   Sal... Bal... Kan... Lou... New... Det...                        
  0.0% 3.8% 7.5% 11.3% 15.0% 18.8% 22.5% 26.3% 30.0% 33.8%
  1.9% 5.6% 9.4% 13.1% 16.9% 20.6% 24.4% 28.1% 31.9%
 

Non-Hispanic White Low-Income

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.  Excludes data for metro areas with less than 50 loans for each race-income group. Low-income borrowers had incomes below 80% of area median income. Middle-income borrowers had incomes of between 80% and 120% of area median income. Upper-income borrowers had incomes above 120% of area median income.   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. 

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