The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
R O B E R T D. McTEER, JR. DALLAS, TEXAS 75265-5906 PRESIDENT AND CHIEF EXECUTIVE OFFICER A ugust 15, 1997 Notice 97-70 TO: The Chief Executive Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Inform ation Regarding 1996 Hom e M ortgage Disclosure Act (HM DA) Data DETAILS The Federal Financial Institutions Examination Council (FFIEC) has announced the availability o f data about 1996 mortgage lending activities at central depositories in metropolitan areas. The FFIEC also released analyses o f nationwide summary statistics regarding lending patterns. The data reflect the 1996 lending activity for more than 9,300 institutions covered by the Home M ortgage Disclosure Act (HMDA). The FFIEC makes HM DA data directly available to the public in various formats, including paper, magnetic tape, PC diskette, and CD-ROM . ATTACH M ENTS The FFIE C ’s notice and order forms describing the various reports and formats available are attached. M O RE INFORM ATIO N For more information, please contact Jim Foster at (214) 922-5280. For additional copies o f this B ank’s notice, please contact the Public Affairs Departm ent at (214) 922-5254. Sincerely yours, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Federal Financial Institutions Examination Council ■it___________ 2100 Pennsylvania Avenue, NW, Suite 200 • Washington, DC 20037 • (202) 634-6526 • FAX (202) 634-6556 Press Release For Use at 4 PM EDT August 4, 1997 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data about 1996 mortgage lending activity in metropolitan areas and released analyses of nationwide summary statistics regarding lending patterns. The data reflect lending activity for more than 9,300 institutions covered by the Home Mortgage Disclosure Act (HMDA) that reported data to member agencies of the FFIEC-the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision, National Credit Union Administration, and Federal Reserve System-and to the Department of Housing and Urban Development. The 1996 data include a total of 14.8 million reported loans and applications, an increase of 32 percent from 1995. They show an overall increase in the number both of government-backed and o f conventional home purchase loans from 1995, with lending to lower-income households up somewhat more than lending to higher-income households. Taken together, government-backed and conventional home purchase lending to all racial and ethnic groups increased from 1995. Lending to Hispanics increased 13.4 percent; to Native Americans, 11.4; to Asians, 8.2 percent; to Whites, 8.1 percent; and to Blacks, 3.1 percent. (See attached fact sheet and related tables.) Board of Governors of the Federal Reserve Svstem. Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Superv ision -2By comparison, from 1993 to 1996, government-backed and conventional home purchase loans have risen 55.6 percent for Hispanics, 52.5 percent for Blacks, 26.6 percent for Native Americans, 15.3 percent for Asians, and 14.0 percent for Whites. For conventional home purchase loans, taken by themselves, the denial rates continue to vary among racial and ethnic groups. For conventional home purchase loans, 50.2 percent o f Native American applicants, 48.8 percent o f Black applicants, 34.4 percent o f Hispanic applicants, 24.1 percent o f White applicants, and 13.8 percent o f Asian applicants were denied loans in 1996. The disclosure statements underlying these and other summary statistics are now available for public inspection at central depositories throughout the nation. The disclosures include individual financial institutions' disclosure statements and aggregate data for each metropolitan statistical area (MSA). (The location o f the central depository for an MSA can be obtained by calling the FFIEC at 202/634-6526.) The HMDA reports contain data about loan originations, loan purchases, and applications that did not result in a loan; and they give information about three characteristics o f applicants or borrowers: race or national origin, gender, and annual income. For loans relating to property located in MSAs, as well as some loans relating to property located outside o f MSAs, the reports identify the geographic location, usually by census tract. The HMDA data also include information on loans that are sold, showing the type o f purchaser o f the loan. Among other things, this information is used by the Department o f Housing and Urban Development in assessing the performance o f Fannie Mae and Freddie Mac in meeting their legislatively mandated affordable housing goals. The FFIEC makes HMDA data available in various formats, including paper, magnetic -3- tape, PC diskette, and CD-ROM. Tables showing the nationwide aggregates and key demographic information for MSAs can be obtained in paper form. The raw data for all individual loans and applications are available on CD-ROM, magnetic tape, and PC diskette. An order form, with descriptions o f the various reports and formats available, is attached to this release. The FFIEC also provides data on mortgage insurance applications. Data from the nation's eight private mortgage insurance (PMI) companies were compiled under the auspices o f the Mortgage Insurance Companies o f America, and are available at individual PMI companies, at the central depositories in each MSA, and from the FFIEC. Attachments: Fact Sheet on 1996 Data (with tables) HMDA Data Order Form # # # Findings from Analyses of Nationwide Summary Statistics for 1996 Home Mortgage Disclosure Act Data Fact Sheet (August 1997) The following analyses o f nationwide summary statistics are based on data compiled by the Federal Financial Institutions Examination Council (FFIEC) for institutions covered by the Home Mortgage Disclosure Act and Regulation C .’ The Data For 1996, the FFIEC prepared 42,936 disclosure statements for 9,328 lenders, with a separate statement for each metropolitan area in which the lender has an office (table 1). The data reflect the lending activity o f 4,829 commercial banks, 960 savings associations, 2,311 credit unions, and 1,228 mortgage companies (267 o f these were affiliates o f depository institutions and the remainder were independent entities). Applications Received and Loans Made In 1996 these lenders acted on 13.0 million applications for home purchase loans, home improvement loans, and refinancings (compared with 9.9 million in 1995), and they purchased 1.8 million loans (compared with 1.3 million in 1995). The total volume of reported home loan applications and purchases (14.8 million) increased 32 percent from 1995, primarily due to a 68 percent increase in the number of refinancing transactions. The increase in refinancing activity was likely due to the effects of lower interest rates, particularly in the early part of 1996. Loan Programs and Changes in Lending Volume by Race and Income Lending institutions tend to specialize in different types o f home loans (table 2). For example, among home purchase loan originations, mortgage companies tend to do most o f the government-backed lending. Commercial banks, on the other hand, do most of the home improvement lending. ’ The FFIEC also has compiled insurance data submitted by the nation's eight private mortgage insurance (PMI) companies under the auspices of the Mortgage Insurance Companies of America. The data relate to application decisions made by the PMI companies during 1996, and show 1.38 million applications for private mortgage insurance (approximately 1.13 million for home purchase loans and 240 thousand for refinancings). The disclosure statements are available from the individual companies, at the MSA central depositories, and from the FFIEC in the same formats as the HMDA data. -5Among applicants, some are more likely than others to apply for certain types of home loans (table 3). For example, low- or moderate-income and middle-income households are more likely to apply for government-sponsored home loans (26.7 percent, 29.5 percent, and 24.8 percent, respectively) than are high-income households (12.0 percent). In addition, Blacks and Hispanics (29.1 percent and 33.2 percent, respectively) are more likely to apply for government-sponsored loans than are Asians, Native Americans, or Whites (11.9 percent, 12.5 percent, and 15.6 percent, respectively). Taking government-backed and conventional home purchase lending together, lending to all racial and ethnic groups increased from 1995 to 1996. Lending to Hispanics increased 13.4 percent; to Native Americans, 11.4; to Asians, 8.2 percent; to Whites, 8.1 percent; and to Blacks, 3.1 percent (table 4). Overall, conventional home purchase lending taken by itself was also higher in 1996 compared with 1995 (table 5), though conventional loans to Blacks decreased by 1.5 percent. Conventional home purchase loans increased by 7.0 percent to Asians, 6.7 percent to Whites, 6.1 percent to Native Americans and 0.5 percent to Hispanics. Conventional home purchase lending to households in all income categories increased from 1995 levels; lending to low- and moderate-income households was up somewhat more than lending to higher-income households. Approval/Denial Rates For conventional home purchase loans, the denial rates continue to vary among applicants by income and racial or ethnic characteristics (table 6). For example, loan applications filed by Native Americans, Blacks, and Hispanics were more likely to be turned down than those submined by Whites and Asians. In 1996, 50.2 percent of Native American applicants, 48.8 percent of Black applicants, 34.4 percent of Hispanic applicants, 24.1 percent of White applicants, and 13.8 percent o f Asian applicants were denied conventional home purchase loans. The denial rates for all racial and ethnic groups were higher in 1996 than in 1995, when denial rates were 41.4 percent for Native Americans, 40.5 percent for Blacks, 29.5 percent for Hispanics, 20.6 percent for Whites, and 12.5 percent for Asians. Differences in the income levels o f the various racial or ethnic groups account for some of the differences in denial rates among the groups (table 7). Other factors are more important, however, since White and Asian applicants, in all income groups, had lower rates o f denial than Native American, Black, or Hispanic applicants. The HMDA data provide some information on the reasons for denial, with poor credit or no credit history most frequently cited by lenders as the reason for denial of conventional home purchase loan applications. Attachments: Tables 1 through 7 1. Residential lending activity reported by financial institutions covered by HMDA, 1981-96 Number of reporting institutions Number of MSA disclosure reports Year Number of loans1 (millions) 1981 ............................ 1.28 8,094 10,945 1982 ............................ 1.13 8,258 11,357 1983 ............................ 1.71 8,050 10,970 1984 ............................ 1.86 8,491 11,799 1985 ............................ 1.98 8,072 12,567 1986 ............................ 2.83 8,898 12,329 1987 ............................ 3.42 9,431 13,033 1988 ............................ 3.39 9,319 13,919 1989 ............................ 3.13 9,203 14,154 1990- .......................... 6.59 9,332 24,041 1991 ............................ 7.89 9,358 25,934 1992 ............................ 12.01 9,073 28,782 1993 ............................ 15.38 9,650 35,069 1994 ............................ 12.20 9,858 37,742 1995 ............................ 11.23 9,539 36,611 1996 ............................ 14.81 9.328 42.936 1 B efore 1990. includes only loans originated by co v ered institutions; beginning in 1990 (first year under the revised rep o rtin g system ), includes lo ans originated and purchased, applications a p p ro v ed but not accepted by the applicant, ap p licatio n s denied or w ith d ra w n , and applications closed b ecause inform ation was incomple te. 2. R e \ lsed from prelim in ary figures p u b lish ed in G len n B. C a n n e r and D olores S. Smith. " H o m e M o rtg ag e D isclo su re Act: E x p a n d e d D ata on Residential L e n d in g .” F ederal R e s e n e B ulletin , vol. 77 (N o v e m b e r 1991). p. 861. to reflect c o rrectio n s and the reporting o f additional data. S O U R C E F F IE C . H o m e M o rtg a g e D isclo su re Act data 2. Home lending, by type and purpose o f loan and by type of lender, 1996 Percent distribution, by number of loans1 Type of lender Mortgage company2 Commercial bank Savings association Credit union Home purchase......... 20.9 18.9 1.7 58.4 100 FH A-insured......... 8.3 9.5 .2 82.1 100 VA-guaranteed . . . 9.4 9.6 2.0 79.1 100 FmHa-insured . . . . 14.2 8.4 .1 77.2 100 Conventional . . . . 24.6 21.8 2.0 51.5 100 .. 31.9 16.0 4.1 48.0 100 Home improvement . 62.7 7.0 11.3 19.0 100 Multifamily3 .............. 52.4 39.7 .6 7.3 100 T o t a l............................ 31.0 16.2 3.9 48.9 100 Purpose of loan Home refinancing 1. Total In this and subsequent tables components may not sum to totals because of rounding. 2. Includes independent mortgage companies and mortgage companies affiliated with a commercial bank or savings association. 3. Dwellings for five or more families SOURCE. FFIEC. Home Mortgage Disclosure Act data. Applications for one to four-family home loans reported under HMDA, grouped by purpose of loan and distributed by characteristic of applicant and census tract, 1996 Ilom c p u rchase (lovernriDent-hacked1 ( h a r a t leristic N u m ber IVrccnt M cnm: Percentage of hom e purch ase loans for given ch aracteristic n v in c rciimmimg; Conventional N u m b er Percent Mem o: P ercentage of hom e pu rch ase loans fo r Riven characteristic N u m b er P ercent n o m e im provem eni N u m b er Percent A P P I.IC A N T Ntu ml/rrhmt identify Aint rican Indian/Alaskan Native 5.107 5 12 5 35.626 7 87.5 17.967 16 II 9 132.581 2.7 88 1 96,734 2.7 24,150 1.5 158.862 14 5 29 1 386.805 78 70.9 297,244 8.3 181.665 11.6 ............. 141,734 13.2 33 2 289,780 59 66 8 191,018 5.3 133,427 8.5 W h i l e ........................................... 723.690 66.2 15 6 3,909.737 793 84 4 2,862,904 798 1,169,544 74.7 18,058 1.2 Asian/I’acific Islander Ulatk Hispanic Olhcr .................... 14,780 .4 10.322 7 6.885 6 12 5 48,070 10 87.5 53,805 1.5 36.394 33 22 5 125.036 2.5 77.5 70,087 20 28,466 18 1.092.639 1000 18 1 4,927,635 1000 819 3,586,572 100 0 1,565,632 1000 I.e ss th a n 8 0 401.326 418 26 7 1,104.236 31.0 73 3 994,536 293 610,570 362 XO <>«) 205.039 21 4 29 5 490.525 13 8 70 5 496,362 14 6 254,899 15 1 100 119 142,297 14 8 24 8 430.426 12 1 752 446.152 13.2 220,344 13.1 120 nr more 210,724 22 0 120 1,539,747 432 880 1.453,606 42.9 600,560 35.6 Total 959.386 1000 212 3,564,934 1000 788 3.390.656 10 00 1.686,373 1 0 00 1.css ihan 1(1 363.776 37 5 16 3 1,862,839 518 83.7 1.818.366 49.7 752,526 44 2 10 l'» 223.969 23 1 22 4 777,714 216 77,6 6 % , 220 19 0 316,004 186 ’( l-l'i 247,606 25 5 28 0 636.157 17 7 72.0 622.544 17 0 327.076 192 Ml 7') 78.115 8 1 27 9 201,602 5.6 72.1 253,381 69 137.692 8 1 XI) 100 56.H92 59 32 2 119.853 3.3 67.8 267,725 73 169.277 9.9 970.358 100 0 212 3.598,165 1000 788 3,658.236 100 0 1.702.575 1000 Iinnl (wlnte/minnnly) Tolal Income (pen enltiyf o f MSA median)* CKNSIJS T R A C T Km m l/ethnic composition (niinoitlies in p m intil^r of population 1 l o l a l .................................... C o n t i il licit I lo m c purchase G o v e rn m e n t-b a c k e d 1 1 h aracterislic N u m ber P ercent M emo: P ercen tage of hom e purchase loans fnr given characteristic H om e refinancing Conventional N u m b er P ercent M em o: P ercentage o f hom e purchase loans for given characteristic H om e im provem ent N u m b er P ercent N um b er Percent Ini O’llt 1 1.ow or moili'nitc Middle ......... 179,887 18 3 264 501,023 13 9 736 619,444 16 9 382,286 22 1 560.903 57 2 23 8 1,798.183 49 9 76.2 1,880.950 513 905,699 523 240,397 24 5 156 1,301,405 36.1 84.4 1.166.120 31 8 442,967 256 981.187 100 0 21 4 3,600,611 1000 786 3.666,514 1000 1,730,952 1000 Central cny 4 Vi, 154 460 24 3 1.423.485 38 8 757 1,465,266 394 782,096 44.4 Non central illy 536,052 54 0 19.3 2.244,134 61.2 807 2,256,574 606 978,297 556 21.2 3,667.619 100 0 78.7 3,721,840 100.0 1,760,393 1000 Upper Tol.il /.<>< iilinn Tolal ................................ 992.206 1000 NOTE. Lenders reported 13,009,405 applications for home loans in 1996, but applicant and geographic information was not reported for all applications. Thus, the distribution of applications varies in number by characteristic. 1. Loans backed by the Federal Housing Administration, the Department of Veterans Affairs, or the Farmers Home Administration. 2. MSA median is median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located. 3. Census tracts arc categorized by the median family income for the tract relative to the median family income for the metropolitan statistical area (MSA) in which the tract is located. Categories are defined as follows: Ijjw or moderate income, median family income for census tract less than 80 percent of median family income for MSA; Middle income, median family income 80 percent to 119 percent of MSA median; Upper income, median family income 120 percent or more of MSA median. 4. For census tracts located in MSAs. SOURCE. FFIEC, Home Mortgage Disclosure Act. 4. All h o m e p u rc h ase lo an s by racial o r eth n ic g ro u p and in c o m e o f b o rro w e rs o r c e n s u s tracts, 1 9 9 0 - 9 6 1 Number of loans and percentage change Number of loans Borrower and census tract characteristic Percentage change Year 1990 1991 1992 19932 Memo: Period I9942 19952 19962 19901991 19911992 199219932 199319942 199419952 199519962 Percentage change 1993-962 12.1 21.3 17.2 -3 .0 11.4 26.6 B orrow er Racial or ethnic group American Indian 9,151 8,781 9,840 11,936 13,986 13,562 15,111 Asian ............... 78,345 73,804 76,943 91,369 104,981 97,384 105,344 -5.8 4.3 18.7 14.9 -7.2 8.2 15.3 H isp a n ic ........... 100,022 98,529 101,807 157,434 201,456 216,049 245.026 -1.5 3.3 54.6 28.0 7.2 13.4 55.6 mack ................ 94,624 95,399 106.581 162,379 218,310 240,268 247,692 .8 11.7 52.4 34.4 10.1 3.1 52.5 W h i te ................ 1,733,981 1,751,767 2,022,875 2,577,772 2,804,382 2,718,058 2,937,986 1.0 15.5 27.4 8.8 -3.1 8.1 14.0 Less than 80 . . . 315,623 376.859 436,459 667,446 767,532 738,015 868,950 19.4 15.8 52.9 15.0 -3.8 17.7 30.2 8(V 9 9 ............... 231,405 249,722 290,432 397,365 435,902 425,398 484,434 7.9 16.3 36.8 9.7 -2.4 13.9 21.9 I00-1 I9 4 ......... 224,897 241,772 273,802 357,115 385,442 373,993 417,944 7.5 13.2 30.4 7.9 -3 .0 11.8 17.0 120 or more4 .. 931,017 882,727 944,572 1,115,708 1,215,959 1,205,131 1,346,164 -5.2 7.0 18.1 9.0 -.9 11.7 20.7 Income (percentage of MSA median)! - 10- 4. (c o n tin u e d ) Borrower and census tract characteristic Number of loans Percentage change Year Period Memo: 19911992 199219932 199319942 199419952 199519962 Percentage change 1993-962 1990 1991 1992 19932 19942 19952 19962 19901991 Less than 10 . . . 1,057,610 1,104,698 1,054,708 1,363,027 1,444,035 1,399,702 1,618,386 4.5 4.5 29.2 5.9 -3.1 15.6 18.7 10-19 ............... 296,312 299,882 424,011 550,431 609,012 589,511 690,148 1.2 41.4 29.8 10.6 -3 .2 17.1 25.4 20-49 ............... 218,308 210,245 331,570 435,920 496,891 485,225 563,150 -3 .7 57.7 31.5 14.0 -2.3 16.1 29 2 50-79 ............... 67,823 59,997 96,378 127,923 147,902 146,416 163,459 -11.5 60.6 32.7 15.6 -1 .0 11.6 27.8 80-100 ............. 44,141 38,252 53,492 70,401 84,272 89,124 95,386 -13.3 39.8 31.6 19.7 5.8 7.0 35.5 Low or moderate 190,749 175,084 225,604 292,362 325,047 342,731 388,933 -8.2 28.9 29.6 11.2 5.4 13.5 33.0 Middle4 ........... 979,829 985,445 996,884 1,302,895 1,428,781 1,386,839 1,592,811 .6 1.2 30.7 9.7 -2 .9 14.9 22.2 Upper4 ............. 513,616 552,545 737,671 % 1,832 1,035,989 989,605 1,160,210 7.6 33.5 30.4 7.7 -4.5 17.2 20.6 Census TVact Racial composition (minorities as a percentage of population) Income o f census tract 1. Includes both conventional and government-backed home purchase loans. 2. Includes loans reported by independent mortgage companies, which were not covered before 1993. 3. MSA median is median family income of the metropolitan statistical area in which the property related to the loan is located. 4. To more closely mirror the category definitions used in the Community Reinvestment Act regulation, middle income is defined as 80 to 119 percent o f MSA median income, and upper income is defined as 120 percent or more of MSA median income. A category definition change shifts a very small number of loans from the range 100-119 to the range 120 or more and from middle income to upper income census tracts beginning in 1995. SOURCE. FFIEC, Home Mortgage Disclosure Act, 1990-96. - 11 - 5. C o n v e n tio n a l h o m e p u rc h a se lo an s by racial o r cth n ic g ro u p an d in co m e o f b o rro w e rs o r c e n s u s tracts, 1 9 9 0 -9 6 Number ol lo;ms anil percentage change Hoi tower and census tract characteristic tw o 1991 Number of loans Percentage change Year Period 1992 I9931 1994' 19951 1996' 19901991 19911992 199219931 19931994' Memo: 199419951 1995I9961 Percentage change 1993-96' B orrow er Racial oi filmic groii/> American Indian 7,143 6.395 7,280 8,638 10,691 10,712 11,368 -10.5 13.8 18.7 23.8 .2 6.1 31.6 Asian ............... 70,011 64,789 68,416 78,671 93,319 85,571 91.547 -7.5 5.6 15.0 18.6 -8.3 7.0 16.4 H is p a n ic ........... 69,548 62,237 66,995 91,345 129,695 134,982 135,683 -10.5 7.6 36.3 42.0 4.1 .5 48.5 Black 47,045 44,897 56,516 81,322 125,796 138,034 135,944 -4.6 25.9 43.9 54.7 9.7 -1.5 67.2 1,2 % ,4 7 1 1.312.694 1,582,030 1,971,153 2,281,450 2,205,357 2,354,024 1.3 20.5 24.6 15.7 -3.3 6.7 19.4 Less than 80 . . . 181.505 219,269 278,390 407,059 516.824 494,007 558,162 20.8 27.0 46.2 27.0 -4.4 13.0 37.1 80-99 ............... 135,259 149,544 190,282 248,402 295,734 282,928 315,681 10.6 27.2 30.5 19.1 -4.3 11.6 27.1 100 l l ‘>' 146.535 160,961 l% ,3 l 1 246,294 285,044 268,684 299,878 9.8 22.0 25.5 15.7 -5.7 11.6 21.8 120 or m ore1 798.92X 743,366 819,576 950,597 1,069,305 1,047,465 1.172,762 -7.0 10.3 16.0 12.5 -2.0 12.0 23.4 White ............... Income (parentage o f MSA median)' - 12- 5. ( c o n tin u a l) lloi rowei and census liacl characlei istic Number of loans Percentage change Memo: Year Period 1990 1991 1992 I9931 19941 p m 1 I9961 19901991 19911992 199219931 199319941 199419951 1995I9961 Percentage change 1993-961 S0I.S6I 839,450 855,219 1,077,879 1,197,432 1,153,291 1,321,350 4.7 1.9 26.0 11.1 -3.7 14.6 22.6 10-19 ............... 213.818 209,697 310,563 386,443 460,110 437,354 510,044 -1.9 48.1 24.4 19.1 -4.9 16.6 32.0 20 4 9 ............... 154,575 142,344 225,275 272,690 337,292 322,8.35 370,646 -7 .9 58.3 21.0 23.7 -4.3 14.8 35.9 50 -79 ............... 51,280 42,189 68,144 81,628 101,817 98,145 105,828 -17.7 61.5 19.8 24.7 -3.6 7.8 29.6 SO- 100 30,589 23,838 36,937 43,263 56,329 56,545 55,981 -22.1 55.0 17.1 30.2 .4 -1.0 29.4 1 ow or moderate 1 V',554 116,545 152,137 185,014 224,434 232,659 255,204 -12.7 30.5 21.6 21.3 3.7 9.7 37.9 Middle * ........... 703,125 695,172 725,069 897,645 1,053,155 1,010,218 1,145,439 1.1 4.3 23.8 17.3 -11 13.4 27.6 Upper' ■115,444 445.501 6 IS,932 783,695 877,527 827,852 966,599 7.2 38.9 266 12.0 -5.7 16.8 23.3 C ensus Tract Racial composition (minorities as a pcrccnhif’c o f population) l.ess than 10 .. ........... Income o f census lllll I ............ - 1 Includes loans reported hy independent mortgage companies, which were not covered before 1993. 2 MSA median is median family income of ihe metropolitan statistical area in which the property related to the loan is located. 3. To more closely mirror Ihe category definitions used in the Community Reinvestment Act regulation, middle income is defined as 80 to 119percento f MSA median income, and mi I’litr is defined as 120 percent oi mote of MSA median income. A category definition change shifts a very small numberof loans from the range 100—1 19 to the range I 20 or more and from middle income to upper income census tracts beginning in 1995. ii/'I’ci SOU RCE EEIEC, Home Mortgage Disclosure Act, 1990-96. - 13- 6. Disposition o f conventional home purchase loan applications, by characteristics o f applicant, 1996 Percentage d istrib u tio n by n u m b er o f applications Applicant characteristic Type o f disposition Approved Denied American Indian/ Alaskan N a tiv e .............. 43.5 50.2 5.6 .7 100 Asian/Pacific Islander . . 75.0 13.8 9.4 1.8 100 Black ................................ 44.1 48.8 6.0 1.1 100 H isp a n ic............................ 56.1 34.4 8.0 1.5 100 White ................................ 68.8 24.1 6.2 .9 100 Other ................................ 61.3 30.0 7.2 1.5 100 Joint (white/minority) . . 60.3 32.3 6.5 .9 100 Less than 8 0 ..................... 59.1 34.2 5.7 .9 100 8 0-99 ................................ 71.8 20.5 6.6 1.0 100 100-119 ............................ 76.3 15.8 6.9 1.0 100 120 or more ..................... 81.6 9.8 7.4 1.1 100 Withdrawn File closed Total Race or ethnic group Income (percentage o f MSA m edian)] 1. M S A m e d ian is m e dian fam ily in c o m e o f the m e trop o litan statistical area in w hich the p roperty related to the loan is located SOURCE F F IE C . H o m e M o rtg a g e D isclosu re Act data. - 14- 7. Disposition of conventional home purchase loan applications, by income and race of applicant, 1996 Percent distribution, by number of applications Applicant income and racial or ethnic group1 Type o f disposition File closed Approved Denied W ithdrawn Total American Indian/Alaskan N a tiv e ................ 48.2 45.6 5.4 .8 100 Asian/Pacific Islander ................................. 72.5 17.0 8.8 1.6 100 Black .............................................................. 48.0 44.5 6.1 1.4 100 H isp a n ic .......................................................... 54.9 37.5 6.2 1.4 100 White .............................................................. 62.0 32.1 5.1 .7 100 Other .............................................................. 54.6 39.1 5.1 1.2 100 Joint (white/minority) ................................. 44.0 50.9 4.6 .5 100 American Indian/Alaskan N a tiv e ................ 59.0 33.3 6.7 1.1 100 Asian/Pacific Islander ................................. 78.4 11.7 8.4 1.5 100 Black .............................................................. 57.1 33.6 7.6 1.7 100 H is p a n ic .......................................................... 63.2 27.3 8.0 1.6 100 White .............................................................. 74.7 18.6 5.9 .8 100 Other .............................................................. 65.4 25.7 7.2 1.7 100 Joint (white/minority) ................................. 63.0 29.7 6.4 1.0 100 American Indian/Alaskan N a tiv e ............... 64.5 26.6 7.5 1.4 100 Asian/Pacific Islander ................................. 78.8 11.4 8.4 1.4 100 Black .............................................................. 61.3 28.9 8.0 1.7 100 H is p a n ic .......................................................... 65.4 24.2 8.7 1.7 100 White .............................................................. 78.9 14.0 6.2 .8 100 Other .............................................................. 70.5 21.2 6.7 1.6 100 Joint (white/minoritv) ................................. 72.3 20.0 6.7 .9 100 American Indian/Alaskan N a tiv e ............... 73.0 16.6 9.1 1.3 100 Asian/Pacific Islander ................................. 78.5 10.6 9.1 1.7 100 Black .............................................................. 68.2 20.4 9.4 1.9 100 H is p a n ic .......................................................... 71.4 16.7 10.1 1.8 100 White .............................................................. 83 7 8.6 6.7 1.0 100 Other .............................................................. 74.8 14.5 9.1 1.7 100 Joint (white/minoritv) ................................. 79.8 11.4 7.6 1.2 100 Less than 80 80-99 100-119 120 or more I . A p p lic a n t in c o m e sh o w n as percen tag e o f the m edian fam ily in c o m e o f the m etropolitan statistical area in w h ich the property related to the loan is located. SOURCE F F IE C . H o m e M o r tg a g e D isclosure Act data. -15- FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (PAYMENT INFORMATION) h ie c a w pib b use only Order Form Received at FRB: / Order Form Completed by FRB: Order Shipped by FRB: / / Credit Authorization Number: NAME/FIRM: Check if: Non-Profit Organization □ Profit Organization □ ADDRESS: TELEPHONE: Organization Sector: Financial Institution □ Government Agency □ Media □ Public/Organization □ FAX: FFIEC Please make checks payable to: Mail to: Board of Governors of the Federal Reserve System 1709 New York Avenue, N.W. Attn: CRA/HMDA Development & Support, Stop 502 Washington, D.C. 20006 Phone: 202-452-2016 Fax: 202-452-6497 •Advance payment required via check, Money Order, Visa, or M asterCard. •ONLY credit payments (VISA or MasterCard) or no charge items may be sent by fax. •TH E PAYMENT INFORMATION PAGE AND PAGES THAT HAVE THE REQUESTED ITEM(S) MUST BE SENT WITH YOUR PAYMENT. Omitting either will delay your order. □ Please ship the completed order at my expense using my overnight carrier listed below. {Otherwise, orders will be shipped fourth class via United States P< Postal Service at no charge} Carrier Name Account Number / / / / / / / / / / / / METHOD OF PAYMENT (check appropriate box): □ □ □ □ Check Money Order Visa MasterCard CREDIT PAYMENTS (Signature is required when paying by credit card): Card Number / I Signature / / / Expiration Date(mmyy) / / / / I / / / / / / / / / / / / Date - 16 - August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (HARDCOPY ITEMS) WIEC AMD FRB USE ONLY ' . FFIEC Control Number: ... — ■* SELECTION LIST An additional charge applies per year/M SA/institution (see attached item descriptions) ----- QTY UNIT COST TOTAL $5 0 .0 0 $ $ 5 0 .0 0 $ $ 50.00 $ Disclosure Statement (Item #001) Data Type (see page 8): FFIEC , MICA Indicate HMDA year(s): (Specify Reporter ID selections in ascending order; use back of form if additional space is required.) Indicate Reporter Name: Reporter Name: Reporter/Agency ID and Zip Code: ///////////-// Zip Code: Reporter Name: ////// ///////////-// Zip Code: ////// Aggregation Report (Item #002) Data Type (see page 8): FFIEC , MICA Indicate HMDA year(s): For MSAs: , Note: Cost of hardcopy report by MSA is $50 per year/MS A. Census Tract Listing (Item #003) Indicate HMDA year(s): Note: 1990 revised MSA definitions used beginning with 1994 HMDA data; 1990 census tracts used beginning with 1992 HMDA data. 1996 census data include all census tracts and BNAs in the nation. Years prior to 1996 include only census tracts within MSAs. - 17 - August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (HARDCOPY ITEMS) R FFIEC AND FRB USE ONLY JRHEC Control Number: SELECTION LIST An additional charge applies per year/M SA/institution (see attached item descriptions) QTY UNIT COST TOTAL MSA Median Family Income Listing (Item #004) NC Indicate HMDA year(s): Note: 1996 and years thereafter include non-metro area median family incomes by state. | Counties Located in Non-M etro Areas Listing (Item #004a) NC Note: For the 1996 HMDA reporting year only. Includes county FIPS codes. National Aggregate Reports (Item #005) Data Type (see page 8): FFIEC $ 5 0 .0 0 $ $5 0 .0 0 $ $ 4 5 .0 0 or $ 7 5 .0 0 $ , MICA Indicate HMDA year(s): MSA by MSA Report on the Disposition o f Applications by Race and Income of Each Applicant (Item #006) Data Type (see page 8): FFIEC , MICA Indicate HMDA year(s): Reporter Directory (Item #007) Indicate HMDA year(s): Indicate MSA Name and Number: MSA Name: MSA Number: / / / / / MSA Name: MSA Number: / / / / / MSA Name: MSA Number: / / / / / Note: For non-profit organizations, the charge for the directory is $45.00 per MSA; the charge is $75.00 per MSA for all others. - 18 - August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (HARDCOPY ITEMS) .^PF IE C AND FRB U S E ONLY FFIEC. Control Number: SELECTION LIST An additional charge applies per year/M S A/Institution (see attached item descriptions) Three-report Package (Item #008): • Report on Disposition of Loan Applications by Income and Race • Report on Distribution of Loan Applications • Census Tract Summary QTY UNIT COST TOTAL $ 4 5 .0 0 or $ 75.00 Indicate HMDA year(s): Indicate Reporter and MSA: Reporter Name: Reporter/Agency ID and MSA Number (if known): /JJJJJJJJJJ-'J City: ______ MSA Name: MSA Number: /_/_/_/_/ MSA Name: MSA Number: I J J J J Reporter Name: IJ J J J J J J J J J -IJ City: ______ MSA Name: MSA Number: I J J J J MSA Name: MSA Number: I J J J J Reporter Name: /_/_/_/_/_/_/_/_/_/_/-/_/ City: ______ MSA Name: MSA Number: I J J J J MSA Name: MSA Number: I I I I I Note: For non-profit organizations, the charge for this package is $45.00 per ______ institution/MSA; the charge is $75.00 per institution/MSA for all others. GRAND TOTAL - 19- August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (ELECTRONIC ITEMS) " - 'W F 1 E C AND FRB USE ONLY ... SELECTION LIST An additional charge applies per year/M S A/institution (see attached item descriptions) Data Type (see page 8): FFIEC QTY UNIT COST TOTAL , MICA « Aggregation Report (Item #101) Indicate HMDA year(s) $500.00 (reel or cartridge) LAR & TS Raw Data (Item #102) Indicate HMDA year(s) $500.00 (reel or cartridge) OR $50.00 (CD-ROM only) Expected Reporter Panel (Item #103) Indicate HMDA year(s) $150.00 (reel or cartridge) Select: _ Reel (6250 bpi) in _ EBCDIC OR _ ASCII O R __Cartridge O R __CD-ROM (LAR & TS Raw Data Only)* *Not available for years prior to 1992 Charge determined by # of diskettes per MSA PC Diskettes by MSA (Item #201) Data Type (see page 8): FFIEC , MICA $ Indicate year(s) MSA(s): , I Note: Data are placed only on 3-1/2 high density PC diskettes. The number of diskettes generated per MSA determine the charge. The breakdown on charges is as follows: 1-4 diskettes-$25.00 5-9 diskettes~$75.00 10 or more diskettes-$150.00 I Call 202-452-2016 to determine the amount to send with your order form. Follow the instructions on the Fax Back System to retrieve the HMDA Fax Request Catalog to obtain the appropriate document number. - 20 - August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (ELECTRONIC ITEMS) SELECTION LIST An additional charge applies per year/M S A/institution (see attached Hem descriptions) QTY UNIT COST TOTAL $250.00 Census Data (Item #104) Indicate HMDA year(s): ______ , ______ , ______ , ______ Select: _ Reel (6250 bpi) in _ EBCDIC O R _ ASCII O R __Cartridge Note: 1990 MSA redefinitions used beginning with 1994 HMDA data; 1990 census tracts used beginning with 1992 data; 1980 census tracts used with 1990 & 1991 data. 1996 census data combine HMDA and CRA information; therefore, file specifications are significantly different than prior years. The 1996 tape and years thereafter include census tracts and BNAs inside and outside of MSAs. Years prior to 1996 include only census tracts within MSAs. $ 5 0 .0 0 C ensus—G eography Only (Item #105) Indicate HMDA year(s): ______ , ______ Select: _ Reel (6250 bpi) in _ EBCDIC OR _ ASCII O R __Cartridge O R __Diskette Note: 1995 data only available on diskette. 1996 data available on reel, cartridge, or diskette.______ MSA Aggregate Reports and Disclosure Statements on M icrofiche (Item #301) $ 20.00 Data Type (see page 8): FFIEC___, M IC A ____ Indicate year(s): ______ , ______ MSA(s): ______ , ______ , ______ , ______ , ______ Note: Cost of microfiche is $20.00 per year/MSA - 21 - August 1997 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM 1 1 I {ELECTRONIC ITEMS) JPFIEC AND FRB U SE ONLY FFIEC Control Nttmben SELECTION LIST An additional charge applies per year/M S A/institution (see attached item descriptions) 8 QTY MSA Aggregate Reports and Disclosure Statements on CD-ROM (Item #302) Data Type (see page 8): FFIEC UNIT COST TOTAL 6 $150.00 $ , MICA Indicate year(s): Note: Only available for 1992, 1994, 1995, and 19% HMDA reporting years. GRAND TOTAL FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM (PREPARATION ITEMS) FFIEC AND FRB USE ONLY FFIEC Control Number: SELECTION LIST An additional charge applies per year/M SA/institution (see attached item descriptions) A Guide to HMDA Reporting: Getting it Right (Item #010) QTY UNIT COST TOTAL $ 5 .0 0 $ Indicate year(s): * This guide was developed to assist those who prepare the HMDA report. See the "Item Descriptions" for more information. GRAND TOTAL -22 - $ August 1997 I FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL HMDA/CRA DATA ORDER FORM - ITEM DESCRIPTIONS • • • Unless otherwise specified, reports using HMDA data are available beginning with 1990. HMDA data generally become available by August of the year following the reporting year, and data through calendar year 19% are now available. Reports using census data and the HUD Median Family Income Listings become available earlier in the year. Please refer to the HMDA Assistance Line at (202) 452-2016 or email at HMDAHELP@FRB.GOV for the latest release of these reports. There is a separate additional charge for each year, MSA, and/or institution requested Charges for duplicate requests apply. Aggregation Report: The Aggregation Reports of MSAs (340 for 1990; 341 for 1991, 1992 and 1993; and 329 for 1994), sorted by MSA, are distributed as either hardcopy or on tape. Printed reports of MSAs range from 30 to 604 pages each, and average about 60 pages. This report aggregates the mortgage and home improvement lending information for those institutions within an MSA. It is in the same format as the disclosure statements; however, individual institutions cannot be identified. The FFIEC has entered into an agreement with the Mortgage Insurance Companies of America (MICA) to compile data on mongage insurance applications for the nation's eight private mortgage insurance companies. These data are available beginning with data for the fourth quarter of calendar year 1993 and for calendar years 1994 through 19%. The FFIEC makes the data available in formats similar to those for the HMDA data. The following items are available for MICA data: Disclosure Statements (Item #001), Aggregation Reports (Item #002), the National Aggregate Report (Item #005), MSA by MSA Report on the Disposition of Applications by Race and Income of Each Applicant (Item #006), LAR & TS Raw Data (Item #102), Expected Reporter Panel (Item #103), PC Diskettes by MSA (Item #201), MSA Aggregate Repons and Disclosure Statements on Microfiche (Item #301), and MSA Aggregate Reports and Disclosure Statements on CD-ROM (Item #302). Because 1993 MICA data cover only the fourth quarter, the charge for the LAR & TS Raw Data (Item #102) is $125. Subsequent years' data are collected annually, and therefore, charges do not differ from the FFIEC data. Items other than the LAR & TS Raw Data do not have a reduced price for the 1993 reporting year. When ordering items, be sure to specify the data type. The FFIEC data include those institutions required to report HMDA under Regulation C, and the MICA data include those eight mortgage insurers reporting HMDA data as agreed upon with the FFIEC. Tape distribution is used in lieu of hardcopy as a convenience to those sites that can print the tape locally. This is a printimage tape; therefore, the data cannot be manipulated. For hardcopy distribution, enter the MSA number for each MSA desired on the report in the space provided on the form. If additional space is required, use the back of the form. The charge for hardcopy distribution is $50.00 for each MSA requested. (Item #002) For tape distribution, all MSAs are included on the tape. Also, a listing is provided that shows the relative position and number of pages for each MSA on the tape. Data are in EBCDIC and formatted as follows: record length = 166; block size = 24,900; and record format = fixed block. Printing these records requires a printer featured for 166 character output. The charge for tape distribution is $500.00. (Item #101) The hardcopy Aggregate item is also available for MICA data. These data are not available prior to 1993 (see above). A Guide to HMDA Reporting: Getting it R ight: The guide was developed to assist those who prepare the HMDA report for their institutions, and also contains an executive summary for management officials that explains the responsibilities of institutions that are subject to HMDA. The guide is a comprehensive edition that provides a summary of responsibilities and requirements, directions for assembling the necessary tools, and step-by-step instructions for reporting HMDA data. It includes information about obtaimng data from the Bureau of the Census, and contains a listing of MSA, state, and county codes. Appendices include - 23 - August 1997 Regulation C: the Instructions for Completion of the HMDA-LAR; Form and Instructions for Data Collection on Race or National Origin and Sex; and the Staff Commentary on Regulation C. (Item #010) Census (Geography O nly): This is the nationwide census data that can be used to verify HMDA/CRA property location information. For 1995, the data contain valid MS A/State/County/Tract for HMDA reporting. For 19%, the data contain the valid MSA/State/County/Tract-BNA combinations for HMDA/CRA reporting. These combinations include those State/County/TractsBNAs outside of MSAs that can be verified for correctness. The data do not include demographic data. Census data are distributed on diskeue (for 1995 and 19%) and magnetic tape (cartridges or reels, for 19% only) at a cost of $50. Record formats and file descriptions are included with each order. (Item #105) Census Inform ation: This is the nationwide census data used as input to HMDA and CRA processing. Beginning with 19%, this information combines HMDA and CRA data elements into one source. Data are distributed as a hardcopy (paper) report or on tape. The hardcopy Census Tract Listing contains valid census listings and does not have demographic information. The 19% listing and years thereafter includes all census tracts and BN As inside and outside of MSA boundaries. Data on the tape do contain demographic information for each tract. Tape distribution is available on either reels or cartridges; file descriptions are included with each order. The charge for hardcopy distribution is $50.00 (Item #003). The charge for tape distribution is $250.00 (Item #104). The 1980 census tracts were used in processing 1990 and 1991 HMDA data; 1990 census tracts were used for processing data for 1992 and subsequent years; 1990 MSA redefinitions were used beginning with 1994 HMDA data. The census data distributed is consistent with the HMDA year specified. For example, if HMDA year 1991 is selected, 1980 census tract data with 1991 MSA definitions are issued. Counties Located in Non-M etro Areas Listing; The listing shows all county codes in non-metro areas by state. The available for the 1996 HMDA reporting year and is distributed free of charge. (Item #004a) listing is only Disclosure S tatem en t: The Disclosure Statement summarizes mortgage and home improvement lending information from data that are prepared yearly by individual institutions. The Disclosure Statement is distributed in hardcopy at a cost of $50.00 for each institution requested. (Item #001) The Disclosure Statements are also available for MICA data. These data are not available prior to 1993 (see page 8). Expected R ep o rter P an el: The Expected Reporter Panel is the universe of all institutions who were expected to report under HMDA. The panel includes the name of the institution, the reporter ID and agency code, and the MSA number(s) o f the metropolitan areas for which they were expected to report. The panel is captured from the database at the same time that the final disclosure and aggregate reports are prepared for the Central Depositories. The Expected Reporter Panel is distributed in reel or cartridge only at a cost of $150.00. A format description is also included with each order. (Item #103) The Expected Reporter Panel is also available for MICA data. These data are not available prior to 1994 (see page 8). Loan Application Records (LAR> and T ransm ittal Sheet fTS) D ata: The LAR & TS data are collected by a financial institution as a result of applications for, and originations and purchases of, home-purchase loans (including refinancings) and homeimprovement loans for each calendar year. LARs for 1990 total almost 6.6 million records and 9,332 Transmittal Sheets (TSs); the 1991 LARs data total over 7.9 million records and 9,359 TSs; the 1992 LARs data total approximately 12.0 million records and 9,072 TSs; the 1993 LARs data total approximately 15.0 million records and 9,650 TSs; the 1994 LARs data total approximately 12.0 million records and 9,858 TSs; the 1995 LARs data total over 11.0 million records and 9,539 TSs; and the 19% LARs data total over 14.0 million records and 9,238 TSs. The following should be noted: • • • Data is not certified as error free. For reasons of privacy, the dates and loan application numbers are omitted from each record. To form a unique identifier for a reporter, the Respondent ID and single character Agency Code must be used. To form a unique loan record identifier, the Respondent ID, Agency Code, and Loan Sequence Number must be used. See record layout enclosed with distribution tape for additional information. - 24 - August 1997 The LAR and TS data are distributed on tape at a cost o f $500.00. Reels or cartridges may be chosen. Record formats and file descriptions are included with each order. (Item #102) If reels are ordered, there are multiple reels containing the LAR data and one reel containing the TS data. If cartridges are ordered, there are several cartridges containing the LAR data and one containing the TS data. (The number of reels/cartridges containing LAR data vary according to the year requested because of the volume of data.) Note that both reels and cartridges containing LAR data are multi-volume datasets. This means that to process ALL of the LAR data, each of the reels or cartridges must be read successively. The LAR and TS data are also distributed on CD-ROM at a cost of $50.00. The HMDA Raw Data Software System moved from a DOS based to a Windows based application as o f 1995. The user has the ability to do the following: • • • Download the data contained on the compact discs to a file. Search by MSA, State, County, or Respondent ID and save to a file. Import the file created from a download or search into a software package or mainframe application. It is important to consider the space limitations of each application prior to loading the data into that application. These LAR and TS files are also available for MICA data beginning with the fourth quarter of 1993. The 1993MICA available at a cost of $125 and are only available on reel or cartridge (see page 8). data are MSA Aggregate Reports and Disclosure Statements on M icrofiche/CD-RO M : The MSA Aggregate Reports and individual lender Disclosure Statements for each MSA are available on microfiche at a cost of $20.00 per MSA (Item #301) or on CD-ROM at a cost of $150.00 for the entire nation. (Item #302) The CD-ROM allows the user to search by MSA, an institution's individual disclosure statement, or a specific table on the MSA aggregation report. Printing these records requires a printer featured for 166 character output. The MSA Aggregate Repons and Disclosure Statements on Microfiche/CD-ROM are also available for MICA data. These data are not available prior to 1994 (see page 8). MSA bv MSA R eport on the Disposition of Applications bv Race and Income of Each A pplicant: This report contains one table for each of the MSAs (341 in 1992). It provides the number and percentage of applications denied by the race and income of the applicants within the MSA. The report is available in hardcopy only at a cost of $50.00. (Item #006) These reports are also available for MICA data. These data are not available prior to 1994 (see page 8). MSA M edian Family Income L isting: The listing shows ’MSA Median Family Incomes for 19xx HMDA Reports" where xx is the HMDA year (i.e., 1990, 1991, etc.). If a 1990 Listing is selected, there is an adjustment factor of 1.6424 applied to the 1980 Median Family Income column for each MSA to arrive at the Inflation Adjusted 1980 Median Family Income column. For 1991 and subsequent listings, the median family income of the MSA is based on estimates developed annually by the Department of Housing and Urban Development (HUD). The figure for the MSA is the HUD estimate for the fiscal year that corresponds to the year for which the loan/application data are reported. For 1996 and years thereafter, the listing includes median family incomes for non-metro areas by state. This information is calculated by taking the median family incomes of all census tracts and BN As by state outside of the MSA boundaries. The Listing is distributed free of charge. (Item #004) National A ggregate R e p o rts: These reports are a nationwide summation of the individual MSA Aggregate Reports. They indicate the number and dollar amounts of lending, cross tabulated by loan, applicant, and geographic characteristics. The reports are available in hardcopy only at a cost of $50.00. (Item #005) The National Aggregate Reports are also available for MICA data. These data are not available prior to 1993 (see page 8). PC Diskettes bv M SA : The PC Diskettes by MSA contain individual loan application records coded for the MSA(s) selected on the form. The data contained for each MSA are only for institutions that are located in that M SA -that is, the data reflected in the Aggregate Report for that MSA. These data cover the institution's loan activity only in the MSA ordered. There are also seven fields added to each loan application that identify the population, minority population, and other census information. The number of PC diskettes generated per MSA determine the charge. The charges are broken down as follows: 1-4 diskettes per MSA is $25; - 25 - August 1997 5-9 diskettes per MSA is S75; and 10 or more diskettes per MSA is $150. To determine the amount to submit with your order form, call 202-452-2016 for the number of diskettes required for each requested MSA(s). (Item #201) The PC Diskettes by MSA are also available for MICA data. These data are not available prior to 1994 (see page 8). Reporter Directory: The Reporter Directory is a hardcopy of all HMDA reporters within a specified MSA, sorted by name of reporter and then by state and county codes. This report provides the following information: • • ID number, name of institution, city and state locations, total assets, and parentID number. For each state and county in which an institution has activity the state and county codes; the number of tracts with loans; the number of loans originated; the number of applications; the ratio of loans to applications; and the number of loans purchased The charge for non-profit organizations is S45 per requested MSA and $75 per MSA for all others. (Item #007) T hree-R eport Package: This package of three reports is available in hardcopy only. The following information is provided for a specified institution/MSA combination: Report on Disposition of Loan Applications bv Income and Race • • Compares applications by disposition and by income levels (as a percentage of the MSA median incom e-less than 80%, 80-99%, 100-120%, and more than 120%) Is subdivided by race R eport on D istribution of Loan Applications • • • Provides a summary of a specific institution's activity by income and racial characteristics of the census tract within an MSA Covers applications for mortgage and home improvement loans and refinancings Provides the number of applications received, the number of loans originated, and the number of 1-4 family owner-occupied units within each category of census tract characteristics. Census T ract Sum m ary • • • Provides the number, dollar amounts, and disposition of applications for a specific institution/MSA by census tracts For each census tract, the following are also provided: the median housing value the median age of the housing stock the median age of the population the minority population percentage the number of owner-occupied units the number of households the median income (adjusted) the denial rate Census tracts that are low- to moderate-income tracts are highlighted The charge fornon-profit organizations are priced at $45 per requested institution/MSA, and $75 per institution/MSA for all others. These repons are ordered as a package, not separately. (Item #008) - 26 - August 1997