Discussion Paper

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

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.

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

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Public and Community Affairs Discussion Papers

Publication Date: 2006

Number: 2006-1