Preliminary 2008 HMDA Data Suggest Declines In Minority Lending, Higher-Rate Mortgages
May 21, 2009
The decline in the origination of subprime and Alt A mortgages in 2008 may have helped reduce the amount of new mortgage lending to various minority groups, according to preliminary results from Home Mortgage Disclosure Act reports. LendingPatterns, an online HMDA analysis tool developed by ComplianceTech, indicates that 10.8 percent of mortgages originated...