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Distribution Analysis Of 2006 Subprime Rate Loans
A male as the primary borrower was ranked third with all
minorities with respect to subprime rate loans by gender.
For blacks however, the highest proportion of subprime
rate loans was with females without co-applicants (42.10%)
followed by males without co-applicants (33.08%) and then
by male as the primary borrower (15.33%).
For Whites, the pattern of subprime rate loans was male
dominated. White males without co-applicants accounted
for 35.67% of the White subprime rate loans followed by
White men as primary borrower at 28.62%. The number of
subprime rate loans to White men (395,441) was more than
half the number of subprime rate loans to all minority males
without co-applicants combined. White females without coapplicants
had 25.32% of the White subprime rate loans, and
that proportion accounts for more than 48% of all subprime
rate loans received by females without co-applicants in 2006.
(Figure 11) Females as the primary borrower had the lowest
percent of subprime rate loans for all racial groups ranging
from a low of 5.48% for Hispanics to a high of 10.56% for
Hawaiians.
FIGURE 11: SUBPRIME RATE LOANS BY RACE AND GENDER
Page 21 of 27 The Demographic Impact of the
Subprime Mortgage Meltdown