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Distribution Analysis Of 2006 Subprime Rate Loans
Subprime Rate Loans By Census Tract Income
In 2006 there was an inverse relationship between census
tract income and the percent of subprime rate loans. As
census tract income increased, the frequency and magnitude
of subprime rate loans by census tract income decreased.
Low-income census tracts had the highest frequency and
highest magnitude of subprime rate loans at 47.51% and
5.43%, respectively. By contrast, upper-income census
tracts had a frequency of 18.25% with an average spread of
5.03%. Table 7 and Figure 12 shows the overall distribution
of the 2006 subprime rate loans by census tract income:
TABLE 7: 2006 SUBPRIME RATE LOANS BY CENSUS TRACT INCOME
Page 22 of 27 The Demographic Impact of the
Subprime Mortgage Meltdown