Download Conference Presentations - Mortgage Lending Industry ...

Distribution Analysis Of 2006 Subprime Rate Loans
Percentage-wise, however, the pattern was most pronounced
with Asians and Hawaiians, where 62.21% and 57.81% of
the respective upper-income borrowers from the two racial
groups obtained subprime rate loans. Almost half of upperincome
Hispanics had subprime rate loans (49.59%) with
differences of 10 to 15% between the other income brackets.
Subprime rate loans for upper-income Whites were 37.35%
with differences of 6-to-14 percent between the other income
brackets.
Unlike other racial groups, Blacks received subprime rate
loans fairly evenly across all income brackets. Upperincome
Blacks had 30.29% of subprime rate loans while
the difference between moderate, middle and upper-income
was no more than 2.17%. Low- income Blacks were the only
racial group with a double-digit percent of subprime rate
loans (11.29%). (Figure 9)
FIGURE 9: PERCENT DISTRIBUTION OF SUBPRIME RATE LOANS BY RACE AND INCOME
Page 18 of 27 The Demographic Impact of the
Subprime Mortgage Meltdown