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					                            OKLAHOMA CITY, OK
                             METROPOLITAN AREA

                         Homeowners of all races in the metropolitan area have a
    Refinance            moderate incidence of receiving a high-cost loan when
     Loans               refinancing. Out of all refinance loans made in the
                         metropolitan area, nearly one in 7 loans, 13.7%, were high-
                         cost loans.

Minority homeowners were more likely to receive a high-cost loan than whites.
More than one out of 3 loans, 40.8%, of the refinance loans received by African-
American homeowners were higher-cost loans compared to one out of 9 loans received
by white homeowners, 11.8%. One out of 5 refinance loans received by Latino
homeowners, 20.3%, were high cost loans.

In comparative terms, African-Americans were 3.5 times more likely to receive a high-
cost loan than whites. Latino homeowners were 1.7 times more likely to receive a high
cost loan than whites.

               REFINANCE LOANS BY BORROWER RACE AND ETHNICITY 2004
                         # Refinance # High Cost              Disparity to
      Race/Ethnicity                             % High Cost
                            Loans       Loans                    White
      African-American       292         119       40.8%          3.5
      Latino                 266          54       20.3%          1.7
      White                 4,266        505       11.8%
      ALL                   5,361        737       13.7%


Minorities received a greater portion of the high-cost loans originated than they
received of the prime loans originated. African-Americans received 16.1% of the
high-cost refinance loans but only 3.7% of the prime refinance loans. Latinos received
7.3% of the high-cost loans originated but a smaller 4.0% of the prime loans originated.
Whites received a greater 81.3% of the prime loans originated than of the 68.5% of the
subprime loans. African-Americans represent 10.4% of the population in the
metropolitan area while Latinos represent 6.7% of the population.

   DISTRIBUTION OF HIGH-COST REFINANCE LOANS BY BORROWER RACE AND ETHNICITY
                       Share of   Share of “Prime “ Share of High-
    Race/Ethnicity                                                 Disparity
                      Population       Loans         Cost Loans
  African-American      10.4%           3.7%           16.1%          4.4
  Latino                 6.7%           4.0%            7.3%          1.8
  White                 73.5%          81.3%           68.5%



          ACORN 2005
Homeowners in minority neighborhoods were 2.0 times more likely to receive a
high-cost loan than those in majority white neighborhoods. More than one out of 2
refinance loans in neighborhoods with at least 50% minority population were high-cost
loans, 50.7% of the loans made. In contrast, 25.6% of refinance loans were high-cost
loans in neighborhoods with less than 20% minority population or one in 4 refinances
were high-cost. In neighborhoods with 20-50% minority population 35.0% were high-
cost loans.

               REFINANCE LOANS    BY BORROWER RACE AND ETHNICITY 2004
        % Minority Population in Total Refinance   # High Cost
                                                                     % High Cost
            Census Tract              Loans      Refinance Loans
                <20%                 6,585            1,687            25.6%
               20-50%                3,279            1,147            35.0%
               50-100%                989              501             50.7%


METHODOLOGY NOTES

The Oklahoma City metropolitan area consists of Canadian, Cleveland, Grady, Lincoln,
Logan, McClain and Oklahoma counties.

The aggregate in this report is comprised of a sample of 139 individual HMDA reporters
owned by 18 parent companies. They represent the largest mortgage lenders and
subprime mortgage lenders in the country. See the main text of the study for the
complete list of lenders included in this report.

This data includes only 1st liens and does not include government-backed loans.

Any borrower with Latino ethnicity is not included in a racial group in these calculations.
For example, a borrower with Latino ethnicity and white race is counted as Latino and
not counted as white.




          ACORN 2005
                                TULSA, OK
                             METROPOLITAN AREA

                        Homeowners of all races in the metropolitan area have a
    Refinance           moderate incidence of receiving a high-cost loan when
     Loans              refinancing. Out of all refinance loans made in the
                        metropolitan area, nearly one in 5 loans, 18.7%, were high-
                        cost loans.

Minority homeowners were more likely to receive a high-cost loan than whites.
More than one out of 3 loans, 36.8%, of the refinance loans received by African-
American homeowners were higher-cost loans compared to one out of 6 loans received
by white homeowners, 17.5%. One out of 4 refinance loans received by Latino
homeowners, 25.0%, were high cost loans.

In comparative terms, African-Americans were 2.1 times more likely to receive a high-
cost loan than whites. Latino homeowners were 1.4 times more likely to receive a high
cost loan than whites.

              REFINANCE LOANS BY BORROWER RACE AND ETHNICITY 2004
                        # Refinance # High Cost              Disparity to
     Race/Ethnicity                             % High Cost
                           Loans       Loans                    White
     African-American       125          46       36.8%          2.1
     Latino                 136          34       25.0%          1.4
     White                 2,137        375       17.5%
     ALL                   2,715        507       18.7%


Minorities received a greater portion of the high-cost loans originated than they
received of the prime loans originated. African-Americans received 9.1% of the high-
cost refinance loans but only 3.6% of the prime refinance loans. Latinos received 6.7%
of the high-cost loans originated but a smaller 3.8% of the prime loans originated.
Whites received a greater 79.8% of the prime loans originated than of the 74.0% of the
subprime loans. African-Americans represent 8.7% of the population in the
metropolitan area while Latinos represent 4.6% of the population.

   DISTRIBUTION OF HIGH-COST REFINANCE LOANS BY BORROWER RACE AND ETHNICITY
                       Share of   Share of “Prime “ Share of High-
    Race/Ethnicity                                                 Disparity
                      Population       Loans         Cost Loans
  African-American       8.7%           3.6%            9.1%          2.5
  Latino                 4.6%           3.8%            6.7%          1.8
  White                 73.9%          79.8%           74.0%



         ACORN 2005
Homeowners in minority neighborhoods were 2.4 times more likely to receive a
high-cost loan than those in majority white neighborhoods. More than one out of 2
refinance loans in neighborhoods with at least 50% minority population were high-cost
loans, 59.9% of the loans made. In contrast, 24.7% of refinance loans were high-cost
loans in neighborhoods with less than 20% minority population or one in 4 refinances
were high-cost. In neighborhoods with 20-50% minority population 34.8% were high-
cost loans.

               REFINANCE LOANS    BY BORROWER RACE AND ETHNICITY 2004
        % Minority Population in Total Refinance   # High Cost
                                                                     % High Cost
            Census Tract              Loans      Refinance Loans
                <20%                 3,830             946             24.7%
               20-50%                2,532             880             34.8%
               50-100%                419              251             59.9%


METHODOLOGY NOTES

The Tulsa metropolitan area consists of Creek, Okmulgee, Osage, Pawnee, Rogers,
Tulsa and Wagoner counties.

The aggregate in this report is comprised of a sample of 139 individual HMDA reporters
owned by 18 parent companies. They represent the largest mortgage lenders and
subprime mortgage lenders in the country. See the main text of the study for the
complete list of lenders included in this report.

This data includes only 1st liens and does not include government-backed loans.

Any borrower with Latino ethnicity is not included in a racial group in these calculations.
For example, a borrower with Latino ethnicity and white race is counted as Latino and
not counted as white.




          ACORN 2005

				
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