Full text of Federal Reserve Bank of New York Circulars : 1991 Home Mortgage Disclosure Statements

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A T CIR CULAR NO

FEDERAL RESERVE BANK
OF NEW YORK
December 11, 1992

1991 Home Mortgage Disclosure Statements

To the Chief Executive Officer of each Depository Institution
in the Second Federal Reserve District:

Enclosed is a copy of a statement issued by the Federal Financial Institutions
Examination Council (FFIEC) announcing the availability of reports of 1991
mortgage lending activity in metropolitan statistical areas (MSAs) at a central
depository located in each MSA. The reports, which are available for public
inspection, include individual disclosure statements for each lender covered by the
Home Mortgage Disclosure Act (HMDA) and aggregate data by MSA. Order forms
for obtaining HMDA data directly from the FFIEC are included at the end of the
statement.
The statement also discusses an article published in the November 1992 issue
of the Federal Reserve Bulletin that contains a preliminary analysis of national
aggregates from the 1991 data, and provides an overview of some of the responses
to the HMDA data, including initiatives undertaken to promote affordable housing
in low- and moderate-income areas.
In addition, the FFIEC statement refers to an earlier statement that it issued
on October 9,1992, expressing a continuing concern that all applicants for mortgage
loans receive fair treatment, and outlining steps that lenders and regulators can
initiate to ensure that minorities have equal access to credit.
Questions concerning these matters may be directed to Elizabeth RodriguezJackson, Special Assistant for Community Affairs (Tel. No. 212-720-5921).
Additional copies of the order forms, the October 9 statement, or the November
article will be furnished upon request to our Compliance Examinations Department,
or to the Circulars Division of this Bank (Tel. No. 212-720-5215 or 5216).
Ch ester B. F eldberg ,
Executive Vice President.

Federal Financial Institutions Examination Council

at

CIRCULAR NO. l C ) ( e ( j (

2100 Pennsylvania Avenue, NW, Suite 200 • Washington, DC 20037 • (202)634-6526 • FAX (202)634-6556

Press Release

O c t o b e r 27,

Re p o r t s

of

1991

mortgage

lending

activity

in

1992

metropolitan

statistical areas (MSAs) will be ava i l a b l e for p u b l i c inspection at
a central d e p o s i t o r y in each M S A this week,
Institutions
reports

E x a m i n a t i o n Council

include

individual

(FFIEC)

disclosure

t he Federal Financial

a n n o u n c e d today.

statements

covered by the Hom e M o r t g a g e D i s c l o s u r e A c t

for each

(HMDA)

These
lender

and aggregate

data by MSA.
Last

year,

the

HMDA

r e ports

of

1990

l e nding

c o n t a i n e d — for the first t i m e — data on the race,
level

of

b o r rowers

and

a pplicants

a p p l i cations d e n i e d or w i t h d r a w n
originated
significant
ethn i c

and

purchased

differences

groups.

The

loans).
in

data

loan
also

and

dat a

sex,
on

activity
and income
home

loan

(as well as c o n t i n u i n g to report
The

expanded

denial
showed

rates
that

1990

data

among

black

showed

racial

and

and

Hispanic

appl i c a n t s w e r e mor e likely to a p ply for g o v e r n m e n t - b a c k e d loans.
Overall, the H M D A data for 1991 c o n tinue to s h o w t h e s e differences.

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration,
Office of the Comptroller of the Currency, Office of Thrift Supervision




2

An

article

R e s erve

Board

national
today.

prepar ed

for

Bulletin,

aggregates

the

November

containing

from the

a

issue

of

the

p r e l i minary

1991 data,

was

Federal

analysis

also made

of

available

It provides an overview of some of the responses w i t h i n the

public

and private

1991,

including

sectors

to the HMDA data

initiatives

undertaken

to

released

in October

promote

affordable

h o u s i n g in low- and moderate-income areas.
The FFIEC has prepared reports of
9,358

institutions

C omptroller

of

on

the

behalf

Currency,

1991

of

its

lending activity
member

the . Federal

for

a g e n c i e s — the

Deposit

Insurance

Corporation, the Office of Thrift Supervision, the National Credit
U n ion Administration,
Department
reporters

of
is

and the Federal Reserve S y s t e m — and the U.S.

Housing
about

and

the

Urban

same

as

Development.
for

1990,

The

while

number

of

volume

of

the

r e p orted loans and applications increased substantially,
mi l l i o n

to more

refinancing

than

more

than

7.8

million.

doubled

from

decline in mortgage interest rates.

The

1991

1990,

volume

of

reflecting

from 6.9
loans

for

last year's

A pproximately three-quarters

of the applications for home purchase loans were for conventional
m o r t g a g e loans, while the remainder were g o v ernment-backed
l o a n s — loans
Administration

insured

or

(FHA), the

Farmers Home Administration

guaranteed
Veterans

by

the

Federal

A d ministration

Housing

(VA), or

the

(FmHA).

In 1991, lenders approved more than 70 percent of applications
for conventional




and government-backed home purchase

loans.

The

AT CIRCULAR NO.
- 3 denial rate for conventional home loans and F HA-insured loans was
somewhat higher in 1991 than in 1990.
for this change.
in response
many parts
tendency

Several factors m a y account

Lenders may have tightened under w r i t i n g criteria

to rising delinquencies
of the country.

for

loan

and wea k h o u sing m a rkets

The change m ay reflect an

originators

who

sell

loans

in

in

increased

the

secondary

market to use secondary market guidelines to assess applications,
rather

than

apply

more

nonconforming loans.

flexible

under-writing

standards

for

Additionally, the increase in the loan denial

rate may indicate that more loan applicants had less stable incomes
and weaker credit histories due to the recession.
The data for 1991 show a significant increase in the number of
low-income applicants.

This may reflect the results of an expanded

marketing

efforts

and

outreach

by

lenders,

as well

as

a greater

proportion of first-time homebuyers (whose income tends to be lower
than the

income

of

current

owners purchasing new homes)

in

1991

than in 1990.
FAIR LENDING ENFORCEMENT
To assess compliance with fair lending laws, the expanded HMDA
data

must

be

applicants
Recent

and

the

in
and

the

by

specific

underwriting

investigative

included
assets,

augmented

efforts

HMDA

employment

standards

have

d a t a — such

information

examined
as

e x p e rience— to

u sed

on

by

factors

credit

individual

the
that

history,

determine

to

lender.
are not

financial

what

extent

these factors account for differences in loan approval rates among
different racial groups.




4

In September 1992, the Department of Justice filed a consent
decree resolving claims that a major mortgage lender in the Atlanta
area had discriminated against prospective black h ome-buyers when
m a r k e t i n g home

loan products and granting mortgage

controlling

for

under w r i t i n g

variables,

files

indicated

differences

that

in

analysis

race

was

credit
of

a

over

factor

loans.

history,
4,000

in

and

loan

loan

After
other

application

decisions.

The

case, which was resolved without any admission of w r o n gdoing by the
lender,

requires

remedial

action

that

includes

$1

m i l lion

in

payments to black applicants whose home mortgage loan applications
w ere rejected.
On October 8, 1992,
the
HUD,

cooperation of the
issued

a

applications

in

the Federal Reserve Bank of Boston, with
federal

study
the

on

financial regulatory agencies

the

Boston

disposition

area.

The

of

study

and

mortgage

was

loan

conducted

in

response to the large difference in the rates of loan denial among
blacks,
1990

Hispanics,

HMDA

included

data.
in

the

and whites
When

in the Boston area revealed by the

economic

analysis

of

factors

HMDA

data,

other
the

minor i t y and white approval rates was reduced.
for

these

factors,

it

was

evident

that

than

income

disparity

were

between

A f ter controlling

black

and

Hispanic

applicants were still denied mortgage loans more often than white
applicants.
On October 9, 1992, the FFIEC issued an interagency statement
on

disparate

treatment

in

mortgage

lending.

The

statement

emphasized the agencies' concerns that all p rospective borrowers be




A T CIRCULAR NO

- 5 -

treated fairly and outlined steps that can be taken by individual
institutions and their trade associations to identify and eliminate
d i scriminatory lending policies and practices.

W h ile the extensive

statistical analysis used in Boston and in Atlanta is generally not
feasible in examinations, the agencies noted that it is imperative
that

examinations

be as thorough

and reliable

as possible.

The

FFIEC has initiated a comprehensive review of agencies' examination
policies,

procedures,

and

examiner^ training

to

detect

bias

in

lending procedures.
LENDING PRACTICES
Financial institutions and trade associations are seeking to
address

concerns

about

discriminatory

improve access to home mortgages
applicants.

Lenders

are

practices

and

to

for minorities and lower-income

developing

and

lending

consumers.

To ensure that credit policies are applied fairly, many

minorities

taking

a

initially

second

look

recommended

lending

fair

programs

are

management,

improving

education

lenders

for

lending

at

mortgage

for

denial.

personnel,

applications
Some

are

and

from

hiring

"shoppers" to evaluate staff's compliance wit h credit policies and
procedures.
to

Lenders are also expanding community outreach programs

provide

credit

counseling

and

to

help

potential

applicants

improve their chances of qualifying for a mortgage.
HMD A DATA:

PUBLIC ACCESS

The FFIEC makes the HMDA data publicly available in a variety
of

formats,

institutions




including
and

disclosure

aggregate

reports

statements
for

each

MSA

for

individual

(in hard

copy,

6
microfiche,

and

computer

a p p l i c a t i o n register
New

formats

n ow

t a p e ) , and

an

edited

ve r s i o n

(LAR) records for the nation

available

include

tables

of

loan

(on data t a p e ) .

showing

nation-wide

a g g r egates and tables p roviding key information for each MSA.

The

FFIEC's HMD A data order form is attached.
The FFIEC will offer additional new HMDA reports in December.
A repor t e r directory will

list all HMD A reporters w i t h i n an MSA,

and p r o vide information such as their location and asset size,
well

as

county.

loans

originated

and

applications

received

by

state

as
and

A t hree-report package will provide analyses of individual

institutions'

home-lending activity by MSA,

including:

°

d i s p osition of applications by income and race,

°

d istribution of loan originations for home purchase loans,
home

improvement

loans and refinancings w i t h i n

an M SA by

racial and income characteristics of the census tract, and
°

summaries of loan activity by census tract,
p e r c entage

of

minority

occupied units,

population,

the

including the

number

of

owner-

and the denial rate.

The FFIEC expects that LAR records by MS A also will be available on
PC d i s kette in early 1993.

#

Attachments




#

#

.

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
EMDA DATA ORDER FORM

(H A R D C O P Y I T E M S )
F F I E C A N D F RB U S E O N L Y

i\

FFIEC contro 1 N u m b e r I f
O r d e r F o r m R e c e i v e d a t FFI E C *

■P M "

>/»

• . Order F o m

""■■■■»

O r d e r F o r m S e n t t o F R B b y F F I E C : __ /__ /__

R e c e i v•• e, d a t '.FRBi'f

O r d e r F o r m C o m p l e t e d b y FRB:

Order Shipped by F R B t

....
7

■

NAME/FIRM!

C h e c k if Non-Profit
Organization

□

ADDRESS:

TELEPHONE:

Mai l to:

Federal Financial Institutions Examination Council
2 1 0 0 P e n n s y l v a n i a A venue, S u i t e 200
W a s h i n g t o n , D.C.
200 3 7
Phone: 2 0 2 - 6 3 4 - 6 5 2 6
FAX: 2 0 2 - 6 3 4 - 6 5 5 6

M a k e che c k s p a y a b l e to:

FFIEC

(Note:

Advance payment required)

SELECTION LIST
(see a t t a c h e d i t e m d e s c r i p t i o n s )

QTY

$ 50.00

Disclosure Statement
Indic a t e H M D A y e a r ( s ) :
(Specify R e p o r t e r ID s e l e c t i o n s in a s c e n d i n g order;
of for m if a d d i t i o n a l s p a c e is requi r e d . )

use back

In d i c a t e R e p o r t e r Name:

R e p o r t e r / A g e n c y ID an d
Zi p Code:

Reporter
Name:

IJJJJJJJJJJ-IJ
Zi p Code:

Reporter
Name:




IJ J J J J

UJJJJJJJJJ-U
Zi p Code:

Reporter
Name:

UNIT
COST

IJ J J J J

IJJJJJJJJJJ'IJ
Zip Code:

IJ J J J J

TOTAL

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM

(H A R D C O P Y I T E M S )
•o'- F F I E C A N D F R B U S E O N L Y
F F I E C C o n t r o l Number:

_____

Aggregation Report

$ 50.00

I n d i c a t e H M D A y e a r (8):
For M S A s :

Note:

,

,

C o s t o f h a r d c o p y r e p o r t b y M S A is $50 e a c h MSA.

50.00

Census Tract Listing
Indicate H MDA year(s):

Note:

1990 c e n s u s t r a c t s u s e d b e g i n n i n g w i t h 1992 H M D A data;
1980 c e n s u s t r a c t s u s e d w i t h 1990 & 1991 data.

MSA Median Family

Indicate HMDA year(s):

Reporter Directory

NC

Income Listing
_____,

( a v a i l a b l e b e g i n n i n g Decem b e r ,

Indicate HMDA year(s):

1992)

____ , _____ , _____ , _____

45.00
or
75.00

I n d i c a t e M S A N a m e an d N umber:

M S A Name:

M S A Number:

/_/_/_/_/

M S A Name:

M S A N umber:

/_/_/_/_/

M S A Name:

M S A Number:

/_/_/_/_/

Note:

For n o n - p r o f i t o r g a n i z a t i o n s , th e c h a r g e for t h e
d i r e c t o r y is $ 4 5 . 0 0 p e r MSA; t h e c h a r g e is $75 . 0 0 p e r
M S A for all o thers.

2




October 1992

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM

(H A R D C O P Y I T E M S )
lllllll F P I E C A N D F R B U S E -ONLY
FFIEC Control Number i

T h r e e - r e p o r t p a c k a g e : ( a v a i l a b l e b e g i n n i n g D e c e m b e r , 1992)
• R e p o r t o n D i s p o s i t i o n o f L o a n s b y Inco m e a n d R a c e
• Report on Distribution of Loan Applications
• Census Tract Summary

$ 4 5 . 00
or
75. 00

Indicate H M D A year(s):
I n d i c a t e R e p o r t e r a n d MSA:

Reporter
Name:

R e p o r t e r / A g e n c y ID a n d
M S A N u m b e r (if k n o w n ) :

UJJJJJJJJJ-/J

City:
M S A Name:

M S A N umber:

/_/_/_/_/

M S A Name:

M S A N umber:

/_/_/_/_/

Reporter
Name:

/JJJJJJJJJJ-/J

City:

UJJJ
UJJJ

M S A Name:

M S A Number:

M S A Name:

M S A Number:

Reporter
Name:

IJJJJJJJJJJ-IJ

City:
M S A Name:

MSA N u m b e r :

/_/_/_/_/

M S A Name:

M S A Numb e r :

/_/_/_/_/

Note:

Fo r n o n - p r o f i t o r g a n i z a t i o n s , t he c h a r g e fo r t h i s
p a c k a g e is $ 4 5 . 0 0 p e r MSA; t h e c h a r g e is $ 7 5 . 0 0 p e r M S A
for all others.

GRAND TOTAL

3




October 1992

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
EMDA DATA ORDER FORM

(R E E L / C A R T R I D G E I T E M S )

TELEPHONE:

H a i l to:

Federal Financial Institutions Examination Council
2 1 0 0 P e n n s y l v a n i a Avenue, S u i t e 200
W a s h i n g t o n , D.C.
20037
Phone: 2 0 2 - 6 3 4 - 6 5 2 6
FAX: 2 0 2 - 6 3 4 - 6 5 5 6

M a k e c h e c k s p a y a b l e to:

FFIEC

(Note:

Advance p a yment required)

SELECTION LIST
(see a t t a c h e d it e m d e s c r i p t i o n s )

CTY

UNIT
COST

TOTAL

Aggregation Report —

Year(s) _____ , ____

/

$500 . 00

L A R & TS Raw Data

Year(s) _____, ____

t

5 0 0 . 00

!

1 5 0 . 00

—

Expected Reporter Panel
Sele c t :
OR

__ R e e l

—

(6250 bpi)

Year(s) ____
in __ E B C D I C

I ndicate year(s)

1993)

To be
Announced

____ , _____ , _____, ______

M S A (8):

_____, _____ t

S elect:

__ 5 - 1 / 4




__ A S C I I

Cartridge

PC Diskettes by MSA
( a v a i l a b l e b e g i n n i n g f i r s t quarter,

4

OR

S

OR

i
__

i
3-1/2

t _______
in h i g h d e n s i t y

October 1992

--------- ------------------------------------------FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
EMD A DATA ORDER FORM
(REEL/CARTRIDGE ITEMS)

"

F F I E C A N D FRS U S E O N L Y
•FFIEC C o n t r o l Number*

>y

Cen s u s D a t a
I n d i c a t e HMDA ye a r ( s ) :
Select: __ R e e l
OR
Note:

(6250 bpi)

,

,

in __ E B C D I C

:::

-::=•.

$ 250.00

$

GRAND TOTAL

$

,
OR

__ A S C I I

__ C a r t r i d g e
1990 c e n s u s t r a c t s u s e d b e g i n n i n g w i t h 1992 data;
1980 c e n s u s t r a c t s u s e d w i t h 1990 & 1991 data.

5




October 1992

F E D ERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
EMDA DATA ORDER FORM
ITEM DESCRIPTIONS
A g g r e g a t i o n R e p o r t : T h e A g g r e g a t i o n R e p o r t s of M S A s (340 f o r 1990, 3 4 1 for 1991
an d 1992), s o r t e d b y MSA, d i s t r i b u t e d as e i t h e r h a r d c o p y o r o n t a p e .
Printed
M S A s r a n g e f r o m 3 0 t o 604 p a g e s each, w i t h a n a v e r a g e o f a p p r o x i m a t e l y 60 pages.
T a p e d i s t r i b u t i o n is u s e d in lie u of h a r d c o p y as a c o n v e n i e n c e t o t h o s e sites
t h a t c a n p r i n t t h e t a p e locally.
F o r h a r d c o p y d i s t r i b u t i o n , e n t e r t h e M S A n u m b e r fo r e a c h M S A d e s i r e d o n t h e
r e p o r t in t h e s p a c e p r o v i d e d o n t h e form.
If a d d i t i o n a l s p a c e is r e q u i r e d , u s e
t h e b a c k of t h e form.
T h e c h a r g e for h a r d c o p y d i s t r i b u t i o n is $ 5 0 . 0 0 for e a c h
MSA requested.
F o r t a p e d i s t r i b u t i o n , all M S A s w i l l be i n c l u d e d o n t h e tape.
Also, a listing
w i l l b e p r o v i d e d t h a t sho w s t h e r e l a t i v e p o s i t i o n a n d n u m b e r o f p a g e s for e a c h
M S A on t he tape.
D a t a w i l l b e in E B C D I C a n d f o r m a t t e d as f o l l o w s : r e c o r d len g t h
*= 166; b l o c k s i z e = 2 4,900; a n d r e c o r d f o r m a t « f i x e d b l o c k .
Pr i n t i n g these
r e c o r d s r e q u i r e s a p r i n t e r f e a t u r e d for 165 c h a r a c t e r o u t p u t .
T h e c h a r g e for
t a p e d i s t r i b u t i o n is $500.00.

C e n s u s I n f o r m a t i o n : T h i s is t h e n a t i o n w i d e cen s u s d a t a t h a t is u s e d as i n put to
HMDA processing.
D a t a is d i s t r i b u t e d as a h a r d c o p y r e p o r t o r o n tape.
Th e
h a r d c o p y C e n s u s T r a c t L i s t i n g c o n t a i n s v a l i d cen s u s l i s t i n g s a n d d o e s not have
d e m o g r a p h i c i n f o r m a t i o n ; w h e r e a s t h e d a t a on t h e t a p e d o e s c o n t a i n d e m o g r a p h i c
i n f o r m a t i o n f or e a c h tract.
T a p e d i s t r i b u t i o n is a v a i l a b l e o n e i t h e r r e els or
cartridges; file descriptions are included with each order.
T h e c h a r g e for
h a r d c o p y d i s t r i b u t i o n is $ 50.00; for t a p e d i s t r i b u t i o n , t h e c h a r g e is $250.00.
It is i m p o r t a n t t o n o t e t h a t 198 0 c e n s u s t r a c t s have b e e n u s e d in p r o c e s s i n g
and 1991 H M D A d a t a ; 199 0 c e n s u s t r a c t s for p r o c e s s i n g b e g i n n i n g w i t h 1992
data.
The census data distributed will be consistent w i t h t h e HMDA
s p e cifi e d .
F o r e x a m p l e , if H M D A y e a r 1991 is selected, 1 9 8 0 c e n s u s t r a c t
w i t h 1991 M S A d e f i n i t i o n s w i l l be issued.

1990
HMDA
year
data

Disclosure Statement:
T h e D i s c l o s u r e S t a t e m e n t s u m m a r i z e s m o r t g a g e and hom e
i m p r o v e m e n t l e n d i n g i n f o r m a t i o n f r o m d a t a t h a t is p r e p a r e d y e a r l y b y i n d i v i d u a l
i n s t i t u t i o n s . T h e D i s c l o s u r e S t a t e m e n t is d i s t r i b u t e d in h a r d c o p y o n l y at a cost
of $ 5 0 . 0 0 for e a c h i n s t i t u t i o n reque s t e d .

Expected Reporter P a n e l :
T h e E x p e c t e d R e p o r t e r P a n e l is t h e u n i v e r s e of all
i n s t i t u t i o n s w h o w e r e e x p e c t e d to r e p o r t u n d e r HMDA. T h e p a n e l i n c l u d e s t h e name
of t h e i n s t i t u t i o n , t h e r e p o r t e r ID an d a g e n c y code, a n d t h e M S A n u m b e r (8) of the
m e t r o p o l i t a n a r e a s for w h i c h t h e y w e r e e x p e c t e d to report. T h e p a n e l is c a p t u r e d
f r o m t h e d a t a b a s e at t h e s a m e t i m e t h a t t h e final d i s c l o s u r e a n d a g g r e g a t e
r e p o r t s a r e p r e p a r e d for t h e C e n t r a l D e p o s i t o r i e s , u s u a l l y i n O c t o b e r .
The
E x p e c t e d R e p o r t e r P a n e l is d i s t r i b u t e d in ree l or c a r t r i d g e o n l y a t a cost of
$150.00.
A f o r m a t d e s c r i p t i o n is also i n c l u d e d w i t h e a c h o r d e r .

L o a n A p p l i c a t i o n R e c o r d s (LARI a n d T r a n s m i t t a l Sheet (TS) D a t a :
T h e L A R & TS
d a t a is c o l l e c t e d b y a f i n a n c i a l i n s t i t u t i o n as a r e s u l t o f a p p l i c a t i o n s for, and
o r i g i n a t i o n s a n d p u r c h a s e s of, h o m e - p u r c h a s e loans ( i n c l u d i n g r e f i n a n c i n g s ) and
h o m e - i m p r o v e m e n t l o a n s for e a c h c a l e n d a r year.
L A R s fo r 1 9 9 0 t o t a l a l m o s t

6




October 1992

a t c ir c u l a r n o .
6.6 m i l l i o n r e c o r d s a n d 9,332 T r a n s m i t t a l S h e e t s (TSs); t h e 1 9 9 1 L A R s d a t a total
o v e r 7.9 m i l l i o n r e c o r d s and 9,3 5 9 TSs.
T h e f o l l o w i n g s h o u l d b e noted:
•

D a t a is n o t c e r t i f i e d as e r r o r free.

•

F or r e a s o n s of p r ivacy, t h e d a t e s a n d
n u m b e r s a r e o m i t t e d f r o m e a c h record.

loan

application

T o f o r m a u n i q u e i d e n t i f i e r fo r a r e p o r t e r , t h e R e s p o n d e n t
ID a n d s i n g l e c h a r a c t e r A g e n c y C o d e m u s t b e use d .
To form
a u n i q u e l o a n r e c o r d i d e ntifier, t h e R e s p o n d e n t ID, A g e n c y
C o d e a n d L o a n S e q u e n c e N u m b e r m u s t b e used.
See record
layout enclosed with d istribution tape for additional
information.
L A R a n d T S d a t a is d i s t r i b u t e d o n t a p e o n l y a t a c o s t of $500.00.
R e e ls or
c a r t r i d g e s m a y b e c hosen. R e c o r d f o r m a t s a n d f i l e d e s c r i p t i o n s a r e i n c l u d e d wit h
e a c h order.
If r e e l s ar e o r d e r e d , t h e r e w i l l b e fou r o r f i v e r e e l s c o n t a i n i n g t h e L A R data
and o n e ree l c o n t a i n i n g the TS data.
If c a r t r i d g e s a r e o r d e r e d , t h e r e w i l l be
t h r e e o r f o u r c a r t r i d g e s c o n t a i n i n g t h e L A R d a t a a n d o n e c o n t a i n i n g t h e TS data.
(The n u m b e r of r e e l s / c a r t r i d g e s c o n t a i n i n g L A R d a t a w i l l v a r y a c c o r d i n g to the
y e a r r e q u e s t e d b e c a u s e of th e v o l u m e of data ) .
N o t e t h a t b o t h r e e l s and
c a r t r i d g e s c o n t a i n i n g L A R d a t a w i l l be m u l t i - v o l u m e d a t a s e t s .
T h i s m e a n s that
to p r o c e s s A L L of t h e L A R data, e a c h o f t h e r e e l s o r c a r t r i d g e s m u s t b e read
successively.

M S A M e d i a n F a m i l y I n c o m e L i s t i n g : T h i s L i s t i n g s h o w s " M S A M e d i a n F a m i l y I ncomes
for 1 9 x x H M D A R e p o r t s " w h e r e xx is t h e H M D A y e a r (i.e., 90, 91, etc.).
If a 1990
L i s t i n g is selec t e d , t h e r e w i l l b e an a d j u s t m e n t f a c t o r o f 1 . 6 4 2 4 a p p l i e d t o the
1980 M e d i a n F a m i l y I n c o m e c o l u m n for e a c h M S A t o a r r i v e at t h e I n f l a t i o n A d j u s t e d
1980 M e d i a n F a m i l y I n c o m e column.
F o r 199 1 a n d f u t u r e L i s t i n g s , t h e m e d i a n
fa m i l y i n c o m e of t h e M S A i s / w i l l be b a s e d o n e s t i m a t e s d e v e l o p e d by the
D e p a r t m e n t of H o u s i n g and U r b a n D e v e l o p m e n t (HUD); t h e s e e s t i m a t e s w i l l be
updated annually.
T h e figure for t h e M S A is t h e H U D e s t i m a t e fo r t h e fiscal yea r
that c o r r e s p o n d s t o t h e y e a r for w h i c h t h e l o a n / a p p l i c a t i o n d a t a ar e reported.
The Listing

is d i s t r i b u t e d free of charge.

PC Diskettes by M S A :
T he P C D i s k e t t e s b y M S A w i l l c o n t a i n i n d i v i d u a l loan
a p p l i c a t i o n r e c o r d s c o d e d for t h e MSA(s) s e l e c t e d o n t h e form.
The availability
d a t e o f t h i s p r o d u c t is th e first q u a r t e r of 1993. T h e c o s t of t h i s i t e m as wel l
as a f i r m a v a i l a b i l i t y d a t e w i l l b e a n n o u n c e d later. T h e d a t a c o n t a i n e d for ea c h
M S A w i l l be o n l y for i n s t i t u t i o n s t h a t a r e l o c a t e d in t h a t MSA, i.e., t h e dat a
r e f l e c t e d in t h e A g g r e g a t e R e p o r t for t h a t MS A .
R e p o r t e r D i r e c t o r y : T h e R e p o r t e r D i r e c t o r y is a h a r d c o p y o f al l H M D A r e p o r t e r s
w i t h i n a s p e c i f i e d MSA, sor t e d b y n a m e of r e p o r t e r an d t h e n b y s t a t e a n d c o u n t y
codes.
T h i s report:
•

P r o v i d e s ID number, n a m e of i n s t i t u t i o n , c i t y
l o c a t i o n s , tot a l assets, an d p a r e n t ID numb e r .

•

For each
activity,
—
—
—

7




the
the
the
the

s t a t e a nd c o u n t y in w h i c h
t h e f o l l o w i n g ar e p r o v i d e d :

s t a t e a nd
n u m b e r of
n u m b e r of
n u m b e r of

an

and

state

institution

ha s

c o u n t y codes;
t r a c t s w i t h loans;
loa n s o r i g i n a t e d ;
applications;

October 1992

I D lo f ) !

—
—

t h e r a t i o of loans t o a p p l i c a t i o n s ;
t h e n u m b e r of loans p u r c h a s e d

and

T h e R e p o r t e r D i r e c t o r y w i l l b e a v a i l a b l e b e g i n n i n g in D e c e m b e r 1992. T h e charge
for n o n - p r o f i t o r g a n i z a t i o n s w i l l b e $45.00 p e r r e q u e s t e d M S A a n d $ 7 5 . 0 0 p e r M S A
for all o t h e r s .

Three-Report Package:
T h i s p a c k a g e of t h r e e r e p o r t s is a v a i l a b l e in h a r d c o p y
only.
T h e f o l l o w i n g i n f o r m a t i o n is p r o v i d e d fo r a s p e c i f i e d i n s t i t u t i o n / M S A
combination:
R e p o r t o n D i s p o s i t i o n of L o a n s bv I n c o m e a n d R a c e
•

Compares applications by disposition and by income levels
(as a p e r c e n t a g e of t h e M S A m e d i a n i n c o m e — les s t h a n 80%,
8 0 - 9 9 % , 100-120%, an d m o r e t h a n 120%)

•

Is s u b d i v i d e d by ra c e

Report on Distribution of Loan Applications
•

P r o v i d e s a s u m m a r y of a s p e c i f i c i n s t i t u t i o n ' s a c t i v i t y b y i n c ome
a n d r a c i a l c h a r a c t e r i s t i c s of t h e c e n s u s t r a c t w i t h i n a n M S A

•

C o v e r s a p p l i c a t i o n s for m o r t g a g e a n d h o m e i m p r o v e m e n t loans and
refinancings

•

P r o v i d e s t h e n u m b e r of a p p l i c a t i o n s rece i v e d , t h e n u m b e r of loans
o r i g i n a t e d , an d t h e n u m b e r of 1-4 f a m i l y o w n e r - o c c u p i e d units
w i t h i n e a c h c a t e g o r y of census t r a c t c h a r a c t e r i s t i c s .

Census T r a c t Summary
•

Provides the
applications
tracts

number, d o l l a r amou n t s , an d d i s p o s i t i o n of
for a spec i f i c i n s t i t u t i o n / M S A b y c e n s u s

•

Fo r e a c h c e n s u s tract, the f o l l o w i n g ar e a l s o p r o v i d e d :
—
t h e m e d i a n h o u s i n g value
—
t h e m e d i a n age of the h o u s i n g s t o c k
—
t h e m e d i a n age of th e p o p u l a t i o n
—
the minority population percentage
—
t h e n u m b e r of 1-4 family o w n e r - o c c u p i e d u n i t s
—
t h e n u m b e r of h o u s e h o l d s
—
t h e m e d i a n inc o m e
—
t h e d e n i a l rate

•

Census tracts
highlighted

that

ar e

low-

to

moderate-income

tracts

are

A v a i l a b l e in D e c e m b e r 1992, t h e s e r e p o r t s for n o n - p r o f i t o r g a n i z a t i o n s a re p r i c e d
at $ 4 5 .0 0 p e r r e q u e s t e d inst i t u t i o n / M S A , a n d $ 7 5 . 0 0 p e r M S A f o r al l others.
T h e s e r e p o r t s ar e o r d e r e d as a package, no t s e p a r a t e l y .

8




October 1992