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High Interest Loans (pre-2010) as Share of Home Purchase Loans
Year: 2009; Region: 50 Largest MSAs

Year
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  2.6% 3.4% 4.3% 5.1% 6.0% 6.8% 7.7% 8.5% 9.4%
  2.2% 3.0% 3.9% 4.7% 5.5% 6.4% 7.2% 8.1% 8.9% 9.8%
 

# of MSAs

            Kan...                        
            Atl...                        
5             Chi...                        
    Den... Roc...     Nas...                        
Was...   Bal... San... Ind...   Pho...   Dal...                    
Sea... Bos... Min... Cha... Aus... Los... Buf... St.... Mem... Lou... Hou...                
Vir... Har... Ric... San... Mil... Pro... Sac... Cin... Jac... Cle... Okl...                
0 Por... Sal... New... San... Col... Phi... Tam... Las... Orl... San... Mia...   Riv... Pit...   New... Bir... Det...  
  2.2% 3.0% 3.9% 4.7% 5.5% 6.4% 7.2% 8.1% 8.9% 9.8%
  2.6% 3.4% 4.3% 5.1% 6.0% 6.8% 7.7% 8.5% 9.4%
 

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.