Mortgage Lending Raw Data

October 17, 2003
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The ACORN study found that in the Grand Rapids-Muskegon-Holland mortgage lending market:

  • African Americans were 1.85 times more likely to be turned down than white applicants.

  • Hispanics were rejected 2.48 more times more often than white applicants.

  • The African American disparity is greater than in 1997 but a decrease from 2001.

  • The Hispanic disparity is greater than in 1997 and is an increase over last year.

  • Disparities in rejection rates remain even when comparing borrowers in the same income categories.

  • Upper income African Americans are 2.9 times more likely and Hispanics are 6.77 times more likely to be turned down than upper income whites.

  • Moderate-income African Americans are 1.33 times and Hispanics 2.01 times more likely to be denied than moderate-income whites.

  • Residents of low-income neighborhoods were 3.34 times more likely to be denied than residents of upper-income neighborhoods.

  • African Americans make up 7.29 of the population but received only 2.30 percent of convention home loans.

  • Hispanics make up 6.33 percent of the population but received only 2.64 percent of conventional home loans.

Source: Association of Community Organizations for Reform Now

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