2010 10 26 FairLendingOctober 26 2010 by 2PbJE3

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									2009 CT MORTGAGE MARKET




    BCAC CONFERENCE
      October 26, 2010
Fair Lending Analysis
• Depends on comparisons (treatment &
  outcomes)
• Internal records to internal records
• Internal outcomes to market facts
    2009 CONNECTICUT
  MORTGAGE MARKET DATA
• Mortgage market overview (reports & tables)
• Minority & LMI borrowers
  – Volume
  – Origination rates
  – Denial rates
• High Cost Mortgage Data
  – High Cost Mortgage Volume and incidence
  – High Cost disparities between minority/non-
    minority & LMI borrowers
2009 Overall Mortgage Market
• Applications: 184,074
• Lenders: 592
• Originations: 113,213 (163,419 in 2006)
    HIGH COST MORTGAGE DATA
•   Very large decline in rate spread mtgs from 2007
•   392 lenders extended no rate spread mtgs
•   74 lenders made 10 or more
•   Only 6 lenders originated +100 high cost mtgs
•   2 CT based lenders originated +40 high cost mtgs

								
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