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Fourth Annual Minority Lending Awards Announced
Page 2
Regulatory
Peer
Group
OCC
OCC
Minority Lending Awards for
High Volume, Low-Cost Lender
More than 50,000 minority loans with
rate spread of less than 10%
Less than 50,000 loans but more than
10,000 loan with rate spread of less
than 10%
Winner
Rate
Spread
# of
Minority
Loans
Bank of America 5% 153,402
ABN AMRO Mortgage Group 1.4% 13,952
FRB Rate spread of less than 10% SunTrust Mortgage, Inc. 6.2% 42,139
FDIC Rate spread of less than 10% Bank of the West 7% 2,098
OTS Rate spread of less than 10% USAA Federal Savings Bank 1.7% 11,545
NCUA Rate spread of less than 10% Navy Federal Credit Union 0.7% 8,038
HUD
HUD
More than 25,000 minority loans with
rate spread of less than 10%
Less than 25,000 minority loans with
rate spread of less than 10%
Taylor, Bean, and Whittaker 0% 29,964
Provident Funding Assoc. 1.4% 15,382
The achievements of these lenders will be recognized at the “Best in Industry” Awards Dinner to
be held in the Washington, DC area in conjunction with the Fourth Annual Mortgage Lending
Industry Strategic Markets and Diversity Conference.
“In these troubling economic times it’s important to recognize lenders who behaved well and who
did not contribute to this current crisis,” says Maurice Jourdain-Earl, co-founder of
ComplianceTech. ComplianceTech provides lending related consulting services with specialties
in database analysis to identify marketing opportunities and legal/regulatory compliance
weaknesses for the lending industry, especially related to fair lending.
(continued)