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 Home Purchase Loans by Race/Ethnicity and Income
Year: 2009; Race/Ethnicity: Non-Hispanic White; Income: Low-Income; Region: 100 Largest MSAs



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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; Ordered: alphabetically
Metro Area Value
Akron, OH 10.6%
Albany-Schenectady-Troy, NY 5.9%
Albuquerque, NM 2.9%
Allentown-Bethlehem-Easton, PA-NJ 5.5%
Atlanta-Sandy Springs-Marietta, GA 5.4%
Augusta-Richmond County, GA-SC 7.8%
Austin-Round Rock, TX 4.9%
Bakersfield, CA 7.5%
Baltimore-Towson, MD 3.9%
Baton Rouge, LA 15.3%
Birmingham-Hoover, AL 13.1%
Boise City-Nampa, ID 1.3%
Boston-Cambridge-Quincy, MA-NH 3.3%
Bridgeport-Stamford-Norwalk, CT 1.7%
Buffalo-Cheektowaga-Tonawanda, NY 5.6%
Cape Coral-Fort Myers, FL 10.4%
Charleston-North Charleston, SC 4.9%
Charlotte-Gastonia-Concord, NC-SC 3.9%
Chattanooga, TN-GA 8.9%
Chicago-Naperville-Joliet, IL-IN-WI 4.8%
Cincinnati-Middletown, OH-KY-IN 7.2%
Cleveland-Elyria-Mentor, OH 7.7%
Colorado Springs, CO 2.7%
Columbia, SC 6.8%
Columbus, OH 5.2%
Dallas-Fort Worth-Arlington, TX 6.6%
Dayton, OH 7.4%
Denver-Aurora, CO 3.6%
Des Moines, IA 3.7%
Detroit-Warren-Livonia, MI 12.1%
El Paso, TX
Fresno, CA 8.8%
Grand Rapids-Wyoming, MI 7.2%
Greensboro-High Point, NC 3.5%
Greenville, SC 6.2%
Harrisburg-Carlisle, PA 6.5%
Hartford-West Hartford-East Hartford, CT 3.0%
Honolulu, HI 0.0%
Houston-Baytown-Sugar Land, TX 9.4%
Indianapolis, IN 5.1%
Jackson, MS 16.3%
Jacksonville, FL 6.8%
Kansas City, MO-KS 5.9%
Knoxville, TN 6.4%
Lakeland-Winter Haven, FL 9.2%
Lancaster, PA 3.3%
Las Vegas-Paradise, NV 5.1%
Little Rock-North Little Rock, AR 8.1%
Los Angeles-Long Beach-Santa Ana, CA 6.2%
Louisville, KY-IN 7.6%
Madison, WI 4.3%
McAllen-Edinburg-Pharr, TX
Memphis, TN-MS-AR 6.2%
Miami-Fort Lauderdale-Miami Beach, FL 6.9%
Milwaukee-Waukesha-West Allis, WI 4.4%
Minneapolis-St. Paul-Bloomington, MN-WI 3.4%
Modesto, CA 8.3%
Nashville-Davidson-Murfreesboro, TN 5.4%
New Haven-Milford, CT 3.1%
New Orleans-Metairie-Kenner, LA 9.7%
New York-Newark-Edison, NY-NJ-PA 2.9%
Ogden-Clearfield, UT 5.4%
Oklahoma City, OK 8.1%
Omaha-Council Bluffs, NE-IA 4.6%
Orlando, FL 6.4%
Oxnard-Thousand Oaks-Ventura, CA 4.7%
Palm Bay-Melbourne-Titusville, FL 9.5%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 4.5%
Phoenix-Mesa-Scottsdale, AZ 5.0%
Pittsburgh, PA 10.4%
Portland-Vancouver-Beaverton, OR-WA 2.9%
Poughkeepsie-Newburgh-Middletown, NY 5.1%
Providence-New Bedford-Fall River, RI-MA 5.2%
Provo-Orem, UT 1.6%
Raleigh-Cary, NC 2.6%
Richmond, VA 3.7%
Riverside-San Bernardino-Ontario, CA 8.2%
Rochester, NY 4.8%
Sacramento-Arden-Arcade-Roseville, CA 6.2%
Salt Lake City, UT 2.5%
San Antonio, TX 8.8%
San Diego-Carlsbad-San Marcos, CA 5.1%
San Francisco-Oakland-Fremont, CA 5.2%
San Jose-Sunnyvale-Santa Clara, CA 5.9%
Sarasota-Bradenton-Venice, FL 6.6%
Scranton-Wilkes-Barre, PA 10.4%
Seattle-Tacoma-Bellevue, WA 2.9%
Springfield, MA 3.2%
St. Louis, MO-IL 6.8%
Stockton, CA 9.5%
Syracuse, NY 4.9%
Tampa-St. Petersburg-Clearwater, FL 6.5%
Toledo, OH 7.6%
Tucson, AZ 5.5%
Tulsa, OK 8.8%
Virginia Beach-Norfolk-Newport News, VA-NC 3.3%
Washington-Arlington-Alexandria, DC-VA-MD-WV 2.8%
Wichita, KS 8.3%
Worcester, MA 4.1%
Youngstown-Warren-Boardman, OH-PA 10.2%

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.