FRB: September 2004 Statistical Supplement--Applications for Loans for One- to Four-Family Homes Reported under HMDA, 2003

Statistical Supplement | September 2004

Statistical Supplement to the Federal Reserve Bulletin, September 2004

4.37 Applications for Loans for One- to Four-Family Homes Reported under HMDA, 2003
Characteristic		Home purchase						Home refinancing		Home improvement
		Government-backed¹			Conventional			Home refinancing		Home improvement
		Number	Percent	Memo Percentage of characteristic's home purchase loans	Number	Percent	Memo Percentage of characteristic's home purchase loans	Number	Percent	Number	Percent
Applicant
	Racial/ethnic identity
1	American Indian or Alaskan Native	4,759	.5	14.7	27,703	.4	85.3	80,665	.4	8,279	.7
2	Asian or Pacific Islander	13,852	1.5	4.0	336,447	5.4	96.0	855,508	4.3	24,548	2.1
3	Black	122,375	13.0	20.5	475,171	7.6	79.5	1,394,845	7.0	132,032	11.1
4	Hispanic	157,844	16.8	18.6	688,980	11.0	81.4	1,574,877	7.9	136,623	11.5
5	White	602,978	64.0	11.9	4,464,612	71.4	88.1	15,118,062	75.5	846,202	70.9
6	Other	10,577	1.1	9.9	95,742	1.5	90.1	491,170	2.5	19,239	1.6
7	All	29,355	3.1	15.1	164,935	2.6	84.9	519,310	2.6	26,025	2.2

8	Total	941,740	100.0	13.1	6,253,590	100.0	86.9	20,034,437	100.0	1,192,948	100.0

	Income (percentage of MSA median)²
9	Less than 50	128,373	15.1	21.0	483,869	8.3	79.0	1,647,694	8.5	179,386	14.5
10	50-79	309,200	36.4	21.4	1,132,751	19.4	78.6	3,822,933	19.8	283,030	22.9
11	80-99	161,642	19.0	17.0	787,698	13.5	83.0	2,751,648	14.2	180,078	14.6
12	100-119	105,335	12.4	12.8	718,315	12.3	87.2	2,482,877	12.8	152,223	12.3
13	120 or more	145,533	17.1	5.1	2,723,448	46.6	94.9	8,644,677	44.7	439,827	35.6

14	Total	850,083	100.0	12.7	5,846,081	100.0	87.3	19,349,829	100.0	1,234,544	100.0
Census Tract
	Racial/ethnic composition (minorities as percentage of population)
15	Less than 10	202,451	23.5	10.6	1,710,944	28.2	89.4	6,732,090	31.7	399,396	33.1
16	10-19	190,132	22.1	12.2	1,369,878	22.6	87.8	4,749,112	22.3	246,404	20.4
17	20-49	276,433	32.1	13.5	1,772,943	29.2	86.5	5,776,945	27.2	303,079	25.1
18	50-79	114,937	13.4	13.7	726,434	12.0	86.3	2,359,834	11.1	135,389	11.2
19	80-100	76,239	8.9	13.5	486,605	8.0	86.5	1,636,195	7.7	123,618	10.2

20	Total	860,192	100.0	12.4	6,066,804	100.0	87.6	21,254,176	100.0	1,207,886	100.0

	Income³
21	Low	20,809	2.4	11.8	154,910	2.5	88.2	392,276	1.8	39,182	3.2
22	Moderate	179,031	20.6	16.0	938,156	15.4	84.0	2,963,988	13.9	230,459	18.5
23	Middle	479,158	55.0	14.9	2,746,775	45.0	85.1	9,963,219	46.7	625,202	50.3
24	Upper	191,457	22.0	7.8	2,259,474	37.0	92.2	8,008,474	37.5	347,765	28.0

25	Total	870,455	100.0	12.5	6,099,315	100.0	87.5	21,327,957	100.0	1,242,608	100.0

	Location⁴
26	Central city	394,977	45.0	14.1	2,405,600	39.2	85.9	7,760,633	36.2	476,426	37.9
27	Non-central city	483,098	55.0	11.5	3,735,738	60.8	88.5	13,703,485	63.8	780,666	62.1

25	Total	878,075	100.0	12.5	6,141,338	100.0	87.5	21,464,118	100.0	1,257,092	100.0

Note. Lenders reported 34,322,045 applications for home loans in 2003. Not all characteristics were reported for all applications; thus, the number of applications being distributed by characteristic varies by characteristic.

1. Loans backed by the Federal Housing Administration, the Department of Veterans Affairs, or the Farmers Home Administration. Return to table

2. Median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located. Return to table

3. Census tracts are categorized by the median family income for the tract relative to the median family income for the MSA in which the tract is located. Categories are defined as follows: Low income, median family income for census tract less than 50 percent of median family income for MSA; Moderate income, median family income for census tract at least 50 and less than 80 percent of MSA median; Middle income, median family income at least 80 percent and less than 120 percent of MSA median; Upper income, median family income 120 percent and greater of MSA median. Return to table

4. For census tracts located in MSAs. Return to table

Source. FFIEC, Home Mortgage Disclosure Act.

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Last update: May 11, 2005