The Heller School For Social Policty And Management The Heller School For Social Policy and Management Brandeis University
High Interest Rate Loans (pre-2010) as Share of Refinance Loans by Race/Ethnicity
Year: 2009; Race/Ethnicity: Non-Hispanic White; Region: 50 Largest MSAs

Year
Race/Ethnicity




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  0.9% 2.8% 4.6% 6.4% 8.3% 10.1% 12.0% 13.8% 15.6%
  0.0% 1.8% 3.7% 5.5% 7.4% 9.2% 11.0% 12.9% 14.7% 16.5%
 

# of MSAs

    Phi...                                
    Ric...                                
15     Col...                                
    Mia...                                
    Cha...                                
    Mil...                                
    Las...                                
10     Chi...                                
    Pho...                                
    Riv...                                
    Jac... Dal...                              
    Aus... St....                              
5   New... Bal... Atl...                              
  Den... Vir... Tam...                              
Los... Por... Pro... Ind... Kan... Buf...                          
San... Bos... Har... Sal... Det... San... New...                        
San... Sac... Min... Orl... Hou... Roc... Mem... Bir...                      
0 San... Was... Sea... Cin... Cle... Lou... Nas... Pit...   Okl...                  
  0.0% 1.8% 3.7% 5.5% 7.4% 9.2% 11.0% 12.9% 14.7% 16.5%
  0.9% 2.8% 4.6% 6.4% 8.3% 10.1% 12.0% 13.8% 15.6%
 

Non-Hispanic White

Definition: Share of refinance 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. Race/ethnicity refers to the primary borrower.  Excludes data for metro areas with less than 50 loans for each race/ethnic group. 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.