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Statistical Supplement | September 2004

Statistical Supplement to the Federal Reserve Bulletin, September 2004

4.44  Applications for Private Mortgage Insurance, 2003 By Purpose of Loan and Characteristic of Applicant and Census Tract
Characteristic Home purchase Home refinance
Number Percent Number Percent
Applicant  
  Race or ethnic group  
1 American Indian or Alaskan Native 3,472 .3 2,752 .3
2 Asian or Pacific Islander 39,655 3.3 20,958 1.9
3 Black 81,912 6.9 65,269 5.9
4 Hispanic 135,451 11.4 72,977 6.6
5 White 858,484 72.2 840,361 76.5
6 Other 49,455 4.2 75,811 6.9
 
7 Joint (white and minority) 20,825 1.8 20,337 1.9
 
8 Total 1,189,254 100.0 1,098,465 100.0
 
  Income (percentage of MSA median)1  
9 Less than 50 91,284 8.4 64,167 5.8
10 50-79 264,204 24.3 242,515 22.0
11 80-99 174,542 16.0 186,548 16.9
12 100-119 147,829 13.6 169,338 15.3
13 120 or more 409,715 37.7 441,929 40.0
 
14 Total 1,087,574 100.0 1,104,497 100.0
 
Census Tract  
  Racial composition (minorities as percentage of population)  
15 Less than 10 349,857 29.8 406,717 35.7
16 10-19 264,000 22.5 277,824 24.4
17 20-49 327,367 27.9 299,325 26.3
18 50-79 135,351 11.5 96,287 8.5
19 80-100 95,777 8.2 57,600 5.1
 
20 Total 1,172,352 100.0 1,137,753 100.0
 
  Income2  
21 Low 29,651 2.5 12,823 1.1
22 Moderate 196,900 16.8 146,203 12.8
23 Middle 579,309 49.3 609,348 53.4
24 Upper 368,240 31.4 371,841 32.6
 
25 Total 1,174,100 100.0 1,140,215 100.0
 
  Location  
26 Central city 475,999 40.3 427,147 37.1
27 Non-central city 705,218 59.7 722,811 62.9
 
28 Total 1,181,217 100.0 1,149,958 100.0

Note. Not all characteristics were reported for all loans.

1. 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

2. Lower: median family income for census tract less than 50 percent of median family income for MSA. Moderate: 50 percent to less than 80 percent. Middle: 80 percent to less than 120 percent. Upper: 120 percent or more.   Return to table

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

Source. Federal Financial Institutions Examination Council.

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Last update: May 11, 2005