IDEAS home Printed from https://ideas.repec.org/p/fip/fedbpc/2006-1.html
   My bibliography  Save this paper

Home Mortgage Disclosure Act (HMDA) home purchase data: summary for New England, 2003

Author

Listed:
  • Julia Reade

Abstract

This paper provides summary statistics for home purchase data collected under the Home Mortgage Disclosure Act in 2003. In addition to aggregate totals, patterns by income and race / ethnicity are also described. These analyses of HMDA data have been conducted to examine access to home purchase loans, while focusing on traditionally underserved populations – low- and moderate- income (LMI) households and minorities. Overall lending activity has risen in recent years in New England, driven mainly by increasing volumes of applications from LMI and minority households. Although higher income households received more favorable origination and denial rates than lower income households, gaps between groups have narrowed significantly over recent years. In contrast, origination and denial rate gaps between whites and minorities (particularly African Americans and Hispanics) have widened. Gaps between whites and minorities are wider at higher income levels.

Suggested Citation

  • Julia Reade, 2006. "Home Mortgage Disclosure Act (HMDA) home purchase data: summary for New England, 2003," Public and Community Affairs Discussion Papers 2006-1, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbpc:2006-1
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/commdev/pcadp/2006/pcadp0601.pdf
    Download Restriction: no

    More about this item

    Keywords

    Home Mortgage Disclosure Act ; Home ownership - New England ; Mortgage loans - New England;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbpc:2006-1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio). General contact details of provider: http://edirc.repec.org/data/frbbous.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.