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Statistical Supplement | September 2004

Statistical Supplement to the Federal Reserve Bulletin, September 2004
4.40  Applications for One- to Four-Family Home Loans Reported under HMDA, 2003 By Disposition of Loan and Characteristics of Applicant and Census Tract--Continued
B.  Home Refinancing and Home-Improvement Loans
Percent
Characteristic Home refinancing Home improvement
Approved Denied Withdrawn File
closed		 Total Approved Denied Withdrawn File
closed		 Total
Applicant  
  Racial or ethnic identity  
1 American Indian or Alaskan Native 60.2 22.0 14.4 3.4 100 43.9 49.1 5.6 1.5 100
2 Asian or Pacific Islander 77.0 12.2 8.4 2.4 100 52.7 37.6 6.9 2.8 100
3 Black 57.1 27.8 12.3 2.8 100 38.8 54.8 5.5 .9 100
4 Hispanic 64.0 21.4 11.5 3.1 100 43.3 50.5 5.1 1.1 100
5 White 76.5 13.0 8.6 1.9 100 64.6 29.1 4.5 1.8 100
6 Other 43.3 34.8 18.5 3.3 100 37.4 51.5 8.8 2.3 100
7 Joint2 75.7 13.4 8.9 2.1 100 57.7 34.7 4.9 2.8 100
 
  Income ratio (percentage of MSA median)3  
8 Less than 50 52.4 30.0 14.9 2.7 100 39.9 53.6 5.1 1.4 100
9 American Indian or Alaskan Native 43.9 33.8 19.4 2.8 100 33.1 59.8 5.7 1.4 100
10 Asian or Pacific Islander 62.2 23.7 11.3 2.8 100 32.0 60.3 5.6 2.2 100
11 Black 43.6 39.7 13.8 2.9 100 30.7 64.9 3.8 .6 100
12 Hispanic 50.9 33.0 13.3 2.8 100 28.8 66.9 3.7 .7 100
13 White 63.0 22.8 11.9 2.4 100 51.2 43.7 3.9 1.3 100
14 Other 30.1 50.6 15.3 4.1 100 25.9 65.8 6.7 1.5 100
15 Joint2 54.0 28.0 15.9 2.1 100 36.7 56.5 5.5 1.3 100
16 50-79 63.6 21.1 12.9 2.4 100 48.2 43.5 6.5 1.8 100
17 American Indian or Alaskan Native 56.9 24.8 15.4 2.9 100 42.9 49.2 6.5 1.3 100
18 Asian or Pacific Islander 73.0 15.0 9.3 2.6 100 44.3 46.6 6.9 2.2 100
19 Black 52.2 31.5 13.4 2.8 100 36.3 57.6 5.3 .7 100
20 Hispanic 61.1 24.3 11.9 2.7 100 36.8 57.0 5.3 .9 100
21 White 72.0 15.9 10.0 2.1 100 59.0 34.8 4.6 1.6 100
22 Other 38.6 40.2 17.6 3.7 100 32.3 57.0 8.5 2.2 100
23 Joint2 68.3 18.5 11.1 2.1 100 45.3 47.1 5.3 2.3 100
24 80-119 69.1 17.0 11.6 2.3 100 55.9 35.0 6.9 2.2 100
25 American Indian or Alaskan Native 61.1 20.7 14.9 3.3 100 48.0 44.5 6.1 1.4 100
26 Asian or Pacific Islander 76.9 12.2 8.5 2.4 100 54.2 36.5 6.7 2.5 100
27 Black 56.7 27.6 12.9 2.9 100 41.2 51.6 6.2 1.0 100
28 Hispanic 64.4 21.3 11.5 2.8 100 44.5 48.3 6.0 1.2 100
29 White 76.3 12.9 8.9 2.0 100 65.7 27.8 4.7 1.9 100
30 Other 13.1 10.7 5.9 1.0 100 5.2 6.8 1.2 .3 100
31 Joint2 73.7 14.9 9.2 2.1 100 55.8 36.9 5.1 2.2 100
32 120 or more 75.1 13.0 9.6 2.3 100 63.0 27.6 6.7 2.7 100
33 American Indian or Alaskan Native 67.1 17.2 12.0 3.7 100 52.9 39.0 6.0 2.0 100
34 Asian or Pacific Islander 79.3 10.5 7.8 2.4 100 60.4 29.1 6.9 3.6 100
35 Black 61.0 24.3 11.9 2.8 100 46.1 45.4 7.2 1.3 100
36 Hispanic 66.7 18.4 11.0 3.8 100 54.2 38.9 5.4 1.4 100
37 White 80.8 10.0 7.4 1.8 100 71.6 21.6 4.6 2.2 100
38 Other 48.7 29.2 19.2 2.9 100 45.2 42.0 10.1 2.8 100
39 Joint2 78.9 11.3 7.7 2.2 100 62.4 29.5 4.8 3.4 100
 
Census Tract  
  Racial or ethnic composition (minorities as percentage of population)  
40 Less than 10 74.4 14.0 9.6 2.0 100 63.2 28.8 5.8 2.2 100
41 10-19 73.4 14.1 10.3 2.2 100 58.3 32.7 6.6 2.4 100
42 20-49 69.7 16.2 11.7 2.4 100 52.2 38.1 7.2 2.4 100
43 50-79 63.0 20.7 13.6 2.7 100 44.7 45.6 7.7 2.0 100
44 80-100 55.8 26.7 14.7 2.8 100 38.7 52.6 7.3 1.4 100
 
  Income4  
45 Low 51.7 30.5 14.8 3.0 100 37.2 55.8 5.9 1.1 100
46 Moderate 59.3 24.1 13.9 2.6 100 45.0 47.0 6.4 1.6 100
47 Middle 68.9 17.1 11.6 2.3 100 55.2 36.1 6.6 2.1 100
48 Upper 76.7 11.8 9.3 2.2 100 61.2 29.4 6.7 2.7 100
 
  Location5  
49 Central city 67.5 18.3 11.8 2.4 100 50.9 40.9 6.3 1.9 100
50 Non-central city 71.7 15.2 10.8 2.3 100 56.6 34.4 6.6 2.3 100

Note. Applicant income ratio is applicant income as a percentage of MSA median. MSA median is median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located.

1. Loans backed by the Federal Housing Administration, the Department of Veterans Affairs, or the Farmers Home Administration.   Return to table

2. White and minority.   Return to table

3. MSA median is median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located.   Return to table

4. Census tracts are categorized by the median family income for the tract related to the median family income for the MSA in which the tract is located. Categories are defined as follows: Low income, median family income for census tract less than 50 percent of median family income for MSA; Moderate income, median family income for census tract at least 50 percent and less than 80 percent of MSA median; Middle income, median famly income at least 80 percent and less than 120 percent of MSA median; Upper income, median family income 120 percent and greater of MSA median.   Return to table

5. For census tracts located in MSAs.   Return to table

Source. FFIEC, Home Mortgage Disclosure Act.

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Last update: September 30, 2005