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Statistical Supplement | September 2004

Statistical Supplement to the Federal Reserve Bulletin, September 2004
4.40  Applications for One- to Four-Family Home Loans Reported under HMDA, 2003 By Disposition of Loan and Characteristics of Applicant and Census Tract
A.  Home Purchase Loans
Percent
Characteristic Government-backed1 Conventional
Approved Denied Withdrawn File
closed		 Total Approved Denied Withdrawn File
closed		 Total
Applicant  
  Racial or ethnic identity  
1 American Indian or Alaskan Native 72.0 15.0 10.4 2.5 100 63.7 24.0 9.5 2.7 100
2 Asian or Pacific Islander 78.9 9.8 9.0 2.3 100 78.0 11.4 8.2 2.4 100
3 Black 74.5 13.9 9.2 2.4 100 63.6 24.3 8.9 3.2 100
4 Hispanic 74.6 12.3 10.2 2.9 100 70.2 18.4 8.5 2.8 100
5 White 83.0 8.1 7.1 1.8 100 79.8 11.6 6.8 1.8 100
6 Other 66.2 16.8 13.1 3.9 100 71.2 15.3 10.1 3.3 100
7 Joint2 81.7 8.9 7.8 1.7 100 76.9 11.8 9.4 1.9 100
 
  Income ratio (percentage of MSA median)3  
8 Less than 50 74.1 14.2 9.2 2.5 100 64.0 25.5 8.1 2.4 100
9 American Indian or Alaskan Native 65.1 19.4 12.3 3.2 100 52.2 36.2 9.2 2.4 100
10 Asian or Pacific Islander 71.2 15.3 10.8 2.7 100 70.4 17.3 9.2 3.1 100
11 Black 70.1 18.0 9.1 2.9 100 55.8 33.1 7.8 3.3 100
12 Hispanic 72.3 15.3 9.7 2.8 100 59.9 29.7 7.5 2.8 100
13 White 78.3 11.8 7.6 2.2 100 69.2 22.4 6.5 1.9 100
14 Other 61.6 21.6 12.1 4.7 100 59.5 26.5 9.4 4.5 100
15 Joint2 71.7 14.1 12.5 1.7 100 60.8 21.0 17.2 1.0 100
16 50-79 81.2 9.3 7.6 2.0 100 74.5 15.7 7.3 2.4 100
17 American Indian or Alaskan Native 73.5 14.2 9.3 2.9 100 64.3 23.6 9.3 2.8 100
18 Asian or Pacific Islander 80.9 9.4 7.5 2.2 100 78.7 12.1 6.9 2.3 100
19 Black 77.0 12.9 7.9 2.2 100 64.6 23.5 8.2 3.8 100
20 Hispanic 77.4 11.4 8.8 2.4 100 68.9 20.5 7.6 3.0 100
21 White 84.8 7.3 6.2 1.7 100 79.4 12.8 6.0 1.9 100
22 Other 69.4 15.2 11.6 3.8 100 69.7 18.4 8.2 3.7 100
23 Joint2 82.5 9.6 6.3 1.7 100 70.0 17.6 10.5 1.9 100
24 80-119 83.0 7.7 7.5 1.9 100 78.5 11.8 7.5 2.2 100
25 American Indian or Alaskan Native 78.9 9.6 9.6 2.0 100 70.3 16.8 9.8 3.1 100
26 Asian or Pacific Islander 83.2 7.4 7.6 1.8 100 80.1 10.6 7.1 2.2 100
27 Black 78.8 10.9 8.3 2.0 100 68.1 19.9 8.6 3.5 100
28 Hispanic 77.4 10.7 9.3 2.6 100 72.2 17.2 8.0 2.6 100
29 White 86.6 5.9 6.0 1.5 100 82.9 9.2 6.2 1.7 100
30 Other 56.9 10.4 10.6 2.9 100 27.2 5.1 3.5 1.1 100
31 Joint2 84.8 7.2 6.4 1.5 100 78.2 11.4 8.4 2.0 100
32 120 or more 82.7 7.0 8.3 2.1 100 80.9 9.3 7.8 2.0 100
33 American Indian or Alaskan Native 76.6 11.0 9.6 2.8 100 74.0 14.0 9.4 2.7 100
34 Asian or Pacific Islander 80.0 7.6 9.7 2.7 100 78.8 10.6 8.2 2.4 100
35 Black 78.9 9.5 9.5 2.1 100 69.7 18.0 9.5 2.8 100
36 Hispanic 73.4 10.8 11.6 4.2 100 74.2 14.5 8.5 2.9 100
37 White 87.4 5.2 6.1 1.3 100 84.5 7.3 6.6 1.6 100
38 Other 72.4 10.0 13.9 3.6 100 74.8 12.5 9.7 3.0 100
39 Joint2 85.7 5.9 7.2 1.2 100 81.5 8.3 8.4 1.8 100
 
Census Tract  
  Racial or ethnic composition (minorities as percentage of population)  
40 Less than 10 83.4 8.2 6.5 1.9 100 81.1 10.2 7.0 1.8 100
41 10-19 82.7 8.1 7.5 1.8 100 79.7 10.5 7.8 2.0 100
42 20-49 80.4 9.1 8.7 1.8 100 76.8 12.5 8.5 2.2 100
43 50-79 75.6 11.9 10.1 2.4 100 71.7 16.5 9.1 2.6 100
44 80-100 72.0 13.4 11.7 2.9 100 65.8 21.2 10.1 2.9 100
 
  Income4  
45 Low 70.3 14.8 11.6 3.3 100 63.9 23.1 10.1 2.9 100
46 Moderate 76.6 11.6 9.3 2.5 100 69.9 18.6 8.9 2.6 100
47 Middle 81.2 9.0 7.9 1.9 100 76.9 13.0 7.9 2.1 100
48 Upper 81.4 8.1 8.6 1.9 100 81.3 8.7 8.0 2.0 100
 
  Location5  
49 Central city 79.0 10.0 8.9 2.1 100 75.4 13.8 8.4 2.3 100
50 Non-central city 80.8 431.5 306.5 64.2 100 78.2 11.7 7.9 2.1 100

Note. Applicant income ratio is applicant income as a percentage of MSA median. MSA median is median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located.

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

2. White and minority.   Return to table

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

4. Census tracts are categorized by the median family income for the tract related 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 percent and less than 80 percent of MSA median; Middle income, median famly 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

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

Source. FFIEC, Home Mortgage Disclosure Act.

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Last update: September 30, 2005