Mortgage Lending Raw Data
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.