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FEDERAL RESERVE BANK
OF NEW YORK
fa X
■(*>
A u g u s t 2 3 , 1990
HOME MORTGAGE DISCLOSURE
New Format for Disclosure Statements and MSA Reports
Filed Under the Home Mortgage Disclosure Act
To All State Member Banks in the Second Federal
Reserve District, and Others Concerned:
F o llo w in g is th e te x t o f a sta te m e n t issu e d b y th e F e d e ra l F in a n c ia l In s titu tio n s E x a m in a tio n C o u n c il (F F IE C ):
The Examination Council announced its approval of a new format for the Home Mortgage Disclosure Act (HMDA)
disclosure statements for individual lenders and for the aggregate HMDA reports for each Metropolitan Statistical Area
in the United States. These statements and reports are used extensively by lending institutions, governmental organizations,
and community groups to monitor the housing-related lending activities of commercial banks, thrift institutions, credit
unions, and mortgage banking companies.
The Council also approved the public release of edited raw data for the loan and application registers that lenders
are required to prepare beginning with the data for 1990.
The Council’s actions are in response to amendments to HMDA contained in the Financial Institutions Reform, Re
covery and Enforcement Act of 1989 (FIRREA). These amendments:
• Expanded the coverage of HMDA to include lenders that are not affiliated with depository institutions or their hold
ing companies.
• Required the reporting of data on the disposition of all applications for home-purchase and home-improvement
loans.
• Required the reporting of data on the race or national origin, gender and income of loan applicants and borrowers.
• Required the reporting of data on the type of purchaser of housing-related loans that are sold by lenders covered
by HMDA.
• Permitted covered lenders to report the reasons for denying housing-related loans.
As a result of amendments to the Federal Reserve Board’s Regulation C in December, 1989, which implemented the
HMDA amendments in FIRREA, covered lenders will use a loan/application register to record their loan/application data
on an application-by-application basis beginning on January 1, 1990. By March 1, 1991, covered lending institutions will
forward their registers to their supervisory agency. The Examination Council will use these registers to produce HMDA
disclosure statements for each reporting lending institution. The Council will then send these statements to the institutions
which will make them available to the public upon request.
The Council will also prepare aggregate HMDA reports for all covered lenders in each Metropolitan Statistical Area.
These aggregate reports will be identical in format to the disclosure statements for individual lending institutions. Two
additional tables will, however, be included in the aggregate reports: 1) a table showing the disposition of loan applications
by age of housing stock, and 2) the disposition of loan applications by central-city and noncentral-city location.
The aggregate reports for each Metropolitan Statistical Area, along with copies of the disclosure statements for in
dividual lenders in the Area, will continue to be made available by the Council to the public at central data depositories
located in each Metropolitan Statistical Area in the United States.
The Council also said that it would make available the raw data from the loan registers, with any information iden
tifying individual loan applicants deleted, to the public in electronic form at cost. The raw data might be used by researchers
and others to develop analyses of the data other than those included in the data tables that will be prepared by the Council.
The Council believes that the release of the raw-data files is consistent with the statutory directive to maximize public
disclosure of the HMDA data. Such disclosure will not add to the regulatory burden on the reporting institutions.
P rin te d o n th e fo llo w in g p a g e s is th e tex t o f th e n o tic e issu e d b y th e F F IE C in th is m atter, w h ic h h a s b e e n re
p rin te d fro m th e
Federal Register, q u e stio n s
m ay b e d ire c te d to o u r C o m p lia n c e E x a m in a tio n s D e p a rtm e n t (T el. No.
212-720-5919).
E. G
erald
C o r r ig a n ,
President.
2
FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
and permit optional reporting of the
Table 1 displays the disposition of
reasons for loan denials.
loan applications by the location of the
Under revised Regulation C, lenders
property and by type of application. In
Home Mortgage Disclosure Act;
must use a prescribed Loan/Appiication Table 1 and subsequent tables, all dollar
Disclosure Statements and Aggregate Register to record data on an
amounts will be shown in thousands;
MSA Reports; Availability of Data
uppiication-by-application basis
$100,000, for example, would be shown
beginning with the 1990 calendar year.
as 100.
AGENCY; Federal Financial Institutions
By March 1 of the following year,
Section 1 of Table 1 includes data on
Examination Council.
institutions must submit the registers to
applications for properties located
action ; Notice.
their supervisory agency. The FF1EC will within the MSA. In most cases, data will
lake these data and produce disclosure
be itemized geographically by census
sum m ary : The Federal Financial
statements that cross-tabulate the data
tract. The county will be used instead
Institutions Examination Council
for each institution. These statements
for data relating to property in counties
(FFIEC) is publishing samples of the
will be sent to the institutions, which
with a 1980 population of 30.000 or less
disclosure statements and aggregate
(“small counties”) and for areas that
MSA reports that will be produced from must then make them available to the
public, upon request, within 30 days of
were not assigned census tracts in 1980
data submitted to supervisory agencies
receipt,
fri view of die magnitude of the
("untiacted areas”). Certain MSAs
under the Home Mortgage Disclosure
data that must be processed, the FFIEC
contain duplicate census tract numbers.
Act. In addition, notice is hereby given
anticipates that the disclosure
In these cases, both the census tract
that an edited version of the raw data
statements
will be mailed to institutions number and the county will be shown. If
submitted by reporting institutions will
in October.
invalid census tracts or counties are
be made available to the public.
The FFIEC also will prepare aggregate reported for an MSA, the data relating
FOR FURTHER INFORMATION CONTACT:
reports that reflect the data of all
to them will be grouped in a separate
Thomas J. Noto, Staff Attorney, 202-452- covered lenders in each Metropolitan
block containing the 5 disposition
3667, or Glenn B. Canner, Economist,
Statistical Area (MSA). The aggregate
categories on the form (loans originated,
202-452-2929, Board of Governors of the MSA reports will be identical in format
applications approved but not accepted,
Federal Reserve System, Washington,
to the disclosure statements, but will
etc.). Such data will not be included in
DC 20551. For information concerning
contain data for all covered lenders in
the totals for the MSA. However, the
MSA income data and census tract
the MSA. The FFIEC will prepare two
demographic information included in
demographics that will be used to
additional aggregate tables for each
such entries will be reflected on
prepare the disclosure statements and
MSA showing the disposition of loan
subsequent tables that show applicant
aggregate MSA reports, and for
applications by age of housing stock,
characteristics.
information concerning the availability
and by central city and noncentral city
Institutions are not required to
of raw data, contact Barbara Kenlaw,
location. The aggregate reports, along
provide
geographic information for
202-357-0177, Federal Financial
with copies of the individual disclosure
applications
relating to property outside
Institutions Examination Council, Suite
statements, will be made available to
of these MSAs in which they have a
850B, 1776 G Street NW., Washington,
the public at central data depositories
home or branch office. Section 2 of the
DC 20006. For information concerning
located in each MSA.
table will include data on all such
the reporting requirements of Regulation
(2) HMDA Disclosure Statements
applications received by the institution.
C, contact W. Kurt Schumacher, Staff
Accordingly, if reports for several MSAs
Attorney, 202-452-2412, Board of
When the Federal Reserve Board
are prepared for an institution, each
published the proposed revisions to
Governors of the Federal Reserve
section 2 will be identical.
System, Washington, DC 20551.
Regulation C last fall, the Board sought
Table 1 incorporates several changes
comment, on behalf of the FFIEC, on the
SUPPLEMENTARY INFORMATION?
format and content of a set of tables that from the version that was published for
(1) General
comment. A code has been added to the
could comprise the disclosure
Loan/Application Register for
statements for institutions. (54 FR
In August 1989, the Financial
refinancings and a corresponding
41255). The tables have been revised by
Institutions Reform, Recovery and
column has been added to Table 1. Tw o
Enforcement Act (FIRREA) amended the the FFIEC, in consultation with the
additional disposition categories—
Department of Housing and Urban
Home Mortgage Disclosure Act
applications
approved but not accepted
Development,
in
light
of
the
comments
(HMDA). On December 15,1989. the
received. The FFIEC is now publishing a and files closed for incompleteness—
Federal Reserve Board published final
have been added to Table 1 (and to the
sample of the disclosure statements and
revisions to Regulation C, which
other tables) to correspond to the final
aggregate MSA reports that will be
implements HMDA, to reflect the
set of “action taken” codes on the Loan/
produced. The public is cautioned,
F IR R E A amendments [54 FR 51356). The
Application Register.
however, that minor editorial and other
FIRREA amendments expand the
changes may be made to the tables
Table 2 shows loans purchased by the
coverage of HMDA to include lenders
during software development and that
location of the property; it is unchanged
that are not affiliated with financial
the final disclosure statements and
from the current HMDA disclosure
institutions or their holding companies.
aggregate MSA reports may therefore
format for purchased loans. As in Table
The amendments also require covered
differ somewhat from those contained in 1, section 1 will itemize loan purchases
institutions to report data on the
this notice.
geographically by the census tract or
disposition of applications for home
Tables 1 through 8 in. the Appendix
county (for small counties and untracied
purchase and home improvement loans,
comprise the disclosure statement that
areas) of the property within the MSA
and the race or national origin, gender,
will be prepared for each reporting
and invalid tracts will be grouped
ar.d income of applicants and
institution. A separate set of tables will
separately and not included in the
borrowers. Finally, the FIRREA
be prepared for each, MSA in which an
totals. Section 2 of the table will provide
amendments require reporting of the
information on all purchases outside
type of purchaser of loans that are sold. institution has a home or branch office.
PRINTED IN NEW YORK, FROM FEDERAL REGISTER, VOL. 55, NO. 130, pp. 27886-27899
3
MSAs in which the institution has a
home or branch office and will be the
same on all reports prepared for an
institution.
Table 3 identifies, by class of
purchaser, loans sold by the institution.
The totals will reflect the total number
and dollar amount of loans sold to each
purchaser. The version of Table 3
published for comment did not reflect
the characteristics of borrowers for
loans that are sold or the type of census
tract in which the property is located.
These data have been included in
response to comments indicating that
such information is necessary for a
fuller analysis of loan sales.
Tables 4 through 7 present various
cross-tabulations of loan applicant or
census trace characteristics with
information regarding the disposition of
the application. A set of Tables 4
through 7 will be prepared for each of
six loan categories: (1) FHA, FMHA and
VA loans, (2) conventional home
purchase loans, (3) refinancings of home
purchase loans, (4) home improvement
loans, (5) loans on multifamily dwellings
and (6) nonoccupant loans (see the
headings in Table 1). The sample Tables
4-1 through 7-1 contained in this notice
reflect data for the first category—FHA,
FmHA, and VA home purchase loans;
the tables for conventional home
purchase loans would be captioned 4-2
through 7-2, and so on.
Tables 4 through 6 group applicants
according to their income. The tables
published for comment grouped
applicants in defined income ranges—
for example, $30,000-$49,000. Several
commenters objected to this approach,
arguing that in relatively high- and
relatively low-income MSAs, applicants
would tend to be clustered in the higher
and lower income ranges and
meaningful analysis would be
impossible. Accordingly, the tables will
group applicants by the percentage that
their reported income bears to the
median income of the MSA, adjusted
annually for inflation. A listing of the
adjusted median income and inflation
factor that will be used for each MSA
can be obtained from the FFIEC.
Table 4 shows the disposition of
applications by the race or national
origin, gender and income of applicants.
It has been expanded considerably from
the version that was published for
comment in order to provide a more
detailed breakdown. The total for each
race or national origin category will
include male, female and joint
applications, as well as cases where
information regarding the gender of the
applicant was not available.
Tables 5 and 6 show, respectively,
application disposition by income and
race or national origin, and by income
and gender. Apart from the changes to
the income groupings and disposition
categories discussed above, these tables
are substantially similar to those that
were published for comment.
Table 7 shows the disposition of
applications based on the demographic
characteristics of the census tract in
which the property is located. Data
regarding the demographic
characteristics of census tracts can be
obtained from the FTIEC. In view of the
comments received, the groupings of
tracts by minority composition have
been expanded.
Table 8 cross-tabulates characteristics
of rejected applicants with the various
reasons reported for credit denials.
Since the reporting of the reasons for
denial is optional, Table 8 will be
prepared only for institutions that
submit the data. As with Tables 4
through 7, a separate Table 8 will be
prepared for each of 6 loan categories.
The total column will show the total
number of reasons for denial reported
for each race of national origin, gender
or income category and all percentages
shown will be of this amount.
raw data derived from the registers,
noting that the disclosure statements
will reflect only some of the ways the
data could be analyzed. The FFIEC
believes that release of the raw data
files is consistent with the congressional
intent to maximize the utilization of
lending data; accordingly, the FFIEC
intends to make raw HMDA data
available, at cost, upon request. The
data will be available after the FFIEC
has completed production of the
disclosure statements and aggregate
MSA reports.
An unedited form of the data would
contain information that could be used
to identify individual loan applicants.
For example, some institutions track
applications by the name of the
applicant, entering it as the application
number on the Loan/Application
Register. Similarly, the dates of
application and final action could be
used to help identify a particular
applicant. Accordingly, the FFIEC will
edit the data files prior to public release
to remove the application identification
number, the date of application, and the
date of final action.
Several commenters have asked that
information concerning the elapsed time
between the date of application and the
date of final action be computed by the
FFIEC and added to the raw data files.
Such data, they believe, could show
whether lenders unduly delay the
processing of minority applications.
(3) MSA Aggregate Reports
The two dates were included on the
Aggregate reports, reflecting data
register primarily for administrative
from all institutions reporting in the
convenience, to facilitate the retrieval of
MSA, will be prepared for each MSA.
particular files by agency examiners. In
The aggregate MSA reports will follow a addition, a variety of factors will affect
format identical to that portrayed in
the elapsed time; for example, the
Tables 1 through 8. Two additional
scheduling of a loan closing will affect
tables, Aggregate Tables 9 and 10, will
the elapsed time for originated loans.
be prepared to illustrate lending
The FFIEC believes that these data
patterns by the age of the housing stock could not legitimately be used to
in given census tracts and by central
identify discriminatory practices. Other
city versus noncentral city locations.
data on the disposition of applications is
These two tables are very similar to
provided, and the FFIEC believes that
tables that are prepared under the
data would more clearly indicate
current HMDA reporting system, except whether minority applicants and non—
the tables will include application
minority applicants are being treated
disposition categories rather than just
differently. Accordingly, an elapsed time
loans granted.
field will not be included in the raw
data.
(4) Availability of the Raw Data
In revising Regulation C, the Federal
Reserve Board did not require reporting
institutions to make the Loan/
Application Register available to the
public due to concerns about the privacy
of applicants and borrowers. A number
of commenters urged the release of the
4
Dated: June 29,1990.
Robert). Lawrence,
Executive Secretary.
Appendix—Disclosure Statements and
Aggregate MSA Reports
BILLING CODE 8210-01-M
Home Mortgage Disclosure Act Disclosure Statement
Explanation of Footnotes
Tables 1 and 2
Tables 3 and 7
Table 8
1. AH census tract and county definitions and popu^
latjon counts are based on the 1980 Census of
Population and Housing.
7. The type of census tract is based on demographic
information from the 1980 Census of Population
and Housing,not reported applicantcharactcristics.
6. Institutions are not required to report reasons for
loan denials. Total includes cases where multiple
reasons were reported.
8. Minority means all non-white races and whites of
Hispanic origin.
Aggregate Table 9
Tables 3 ,4,5,6 and 8
1. If two applicants from different minority groups
are reported, they are grouped by the race of the first
person listed on the application.
2. Joint means white and minority group co-appli
cants.
3. Not available includes situations where data was
not required to be collected or was otherwise not
reported.
9. Low and moderate income category consists of
census tracts where the median family income is
less than 80 percent of the median MSA income,
based on the 1980 Census of Population and Hous
ing. The middle income category consists of census
trad* where the median family income is between
80 and 120 percent of the median MSA income.
The upper income category consists of census trac is
where the median family income is greater than 120
percent of the median MSA income.
4. Joint means co-applicants of the opposite gender.
Table 7
5. Applicants are categorized by the ratio of their re
ported income to the median income of the MSA.
The median MSA income equals the 1980 MSA
median family income adjusted for changes over
the period between January 1,1980 and the end of
the year preceding the year to which the report re
lates.
10. Includes census tract numbers that were re
ported but for which complete demographic infor
mation is not available.
11. Census tracts are grouped according to median
age. Because the census data on housing stock age
is categorized in intervals of several years, the
median housing stock age for a census tract is
determined by calculating the mid point of the
interval in which the median unit falls. The tracts
are grouped in this table by the time period in which
the median unit was built.
Aggregate Table 10
12. Central City is defined as in the 1980 census.
For MS As with more than one city name, multiple
central cities are included.
13. MSA less Central City includes all census tracts
outside the central city (or cities) but within the
MSA.
Table 1
Loan Applications and Originations
Name o f Institution:_______________________________________________
MSA:
Section 1 —Property located in MSA/PMSA where institution has a home or branch office
Loans on l-to-4 Family Dwellings
Home Purchase Loans
Census Tract or County Name
and Disposition of Application 1
FHA, FmHA, and VA
Conventional
Refinancings of
Home Purchase
Loans
A
B
C
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Tract/County:
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
Tract/County:
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
MSA/PMSA TOTAL
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed far incompleteness
Section 1 - Property not located in MSAa/PMS As where institution has home or branch offices
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed fur incompleteness
Amount
(SOOO's)
Loans on Multifamily Nonoccupant Loans
Dwellings for S or
on l-to-4 Family
Home Improvement More Families (home
Dwellings from
Loans
purchase and home rolumns A, B, C and D
improvement)
E
D
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
F
No. of
Loans
Amount
(SOOO's)
Table 2
Loan Purchases
Name o f Institution:_______________________________________________
MSA:.
Section 1 -- Property located in MSA/PMSA where institution has a home or branch office
Loans on l-to-4 Family Dwellings
Home Purchase Loans
Census Tract
or
County Nam e1
FHA, FmHA, and VA
Conventional
A
No. of
Loans
Amount
(SOOOs)
B
No. of
Loans
C
Amount
(SOOOs)
MSA/PMSA TOTAL
Section 2 -- Property not located in MSAs/PMSAs where institution has home or branch offices
Loans on Multifamily
Dwellings for 5 or More
Families (home purchase
Home Improvement Loans and home Improvement)
No. of
Loans
Amount
(SOOOs)
Nonoccupant Loans on
l-to-4 Family Dwellings
from columns A, B and C
E
D
No. of
Loans
Amount
(SOOOs)
No. of
Loans
Amount
(SOOO's)
Table 3
Loans Sold
Name o f Institution:
Type of Purchaser
Applicant or Census Tract
Characteristics
FNMA
(#)
Applicant Characteristics
R ace1
American Indian/Alaskan Native
Asian/Pacific Islander
Black
Hispanic
White
Joint (White/Minority)1
Race not available *
Gender
Male
Female
Joint (Male/Female)4
Gender not available 1
Income5
Less than 80% of MSA median
80-99% of MSA median
100-120% of MSA median
More than 120% of MSA median
Income not available J
Census Tract Characteristics 7
Racial Composition *
Less than 10% minority
10-19% minority
20-49% minority
50-79% minority
80-100% minority
Income *
Low or moderate income
Middle income
Upper income
Total
($)
ONMA
(#)
($)
FHLMC
(#)
($)
FmHA
(#)
($)
Commercial
Bank
(#)
($)
Savings Bank
or S&L
<#)
($)
Life Insurance
Company
<#)
($)
Affiliate of
Institution
(#)
(S)
Other Purchaser
(#)
($)
Table 4-1
Disposition of FHA, FmHA & VA Home Purchase Loan Applications
MSA:
Name o f Institution:______________________________________
Race, Gender and Income 1
Applications
Received
(#)
American Indian/Alaskan Native (total)
Male
Female
Joint (Male/Female)4
Asian/Padflc Islander (total)
Male
Female
Joint (Male/Female)4
Black (total)
Male
Female
Joint (Male/Female)4
Hispanic (total)
Male
Female
Joint (Male/Female)4
White (total)
Male
Female
Joint (Male/Female)4
Joint (White/Mlnorlty)2(total)
Male
Female
Joint (Male/Female)4
Race not available 3 (total)
Male
Female
Joint (Male/Female)4
Income of Applicants 3
Less than 80% of MSA median
80-99% of MSA median
100-120% of MSA median
More than 120% of MSA median
Income not available 3
($)
Loans
Originated
(#)
(S)
Apps. Approved
but not Accepted
(#)
(S)
Applications
Denied
(#)
(S)
Applications
Withdrawn
(#)
(S)
Files closed
for incompleteness
(#)
($)
Table 5-1
Disposition of FHA, FmH A & VA Home Purchase Loan Applications
Name o f Institution: _______________________________ ________
Income and Race15
Applications
Received
(#)
Lem than Si% af MSA median
American Indian/Alaskan Native
Aaian/Paeifie Islander
Black
Hispanic
White
Joint (White/Minority)2
Race not available2
80-99% of MSA median
American Indian/Alaskan Native
Alian/Pacific Islander
Black
Hispanic
While
Joint (White/Minority)2
Race not available1
100-130% e f MSA median
American Indian/Alaskan Native
Asian/Pncifk Islander
Black
Hispanic
Whim
Joint (White/Minority)2
Race not available 2
More than 130% of MSA median
American Indian/Alaskan Native
Asian/Pacifie blander
Blaok
Hispanic
White
Joint (White/Minority) *
Race not available 2
(S)
MSA:
Loans
Originated
<*>
(S)
Apps. Approved
but not Accepted
(#)
($)
Applications
Denied
(#)
<$)
Applications
Withdrawn
(#)
(S)
Files closed
for incompleteness
(#)
($)
Table 6-1
Disposition of FHA, FmHA & VA Home Purchase Loan Applications
MSA:
Name o f Institution:______________________________________
Income and Gender s
Applications
Received
(#)
Less than 80% of MSA median
Male
Female
Joint (Male/Female)4
Gender not available1
80-99% of MSA median
Male
Female
Joint (Male/Female)4
Gender not available3
100-120% of MSA median
Male
female
Joint (Male/Female)4
Gender not available3
More than 120% o f MSA median
Male
Female
Joint (Male/Female)4
Gender not available3
($)
Loans
Originated
(#)
($)
Apps. Approved
but not Accepted
(#)
($)
Applications
Denied
(#)
(S)
Applications
Withdrawn
<#)
(S)
Files closed
for Incompleteness
(#)
($)
Table 7-1
Disposition of FHA, FmH A & VA Home Purchase Loan Applications
Name o f Institution:_______________________________________
Typ« of Census Trad 7
Applications
Received
(#)
Racial Composition *
Less than 10% minority
10-19% minority
20-49% minority
50-79% minority
80-100% minority
Income Characteristics *
Low or moderate income
Middle income
Upper income
Income and Racial Composition'**
Low or moderate Income
Less than 10% minority
10-19% minority
20-49% minority
50-79% minority
80-100% minority
Middle income
Less than 10% minority
10-19% minority
20-49% minority
50-79% minority
80-100% minority
Upper Income
Less than 10% minority
10-19% minority
20-49% minority
50-79% minority
80-100% minority
Small county
AD other tracts14
($)
MSA:
Loans
Originated
(#)
(S)
Apps, Approved
but not Accepted
(#)
($)
Applications
Denied
(#)
($)
Applications
Withdrawn
(#)
($)
Files closed
for incompleteness
(#)
($)
Table 8-1
Reasons for Denials of FHA, FvnHA & VA Home Purchase Loan Applications
Name of Institution: ___________ ___________________
Reasons
Applicant C h aracteristics
Deb to
Emplolymem
Income Ratio
His lory
(#)
R ace1
American Indian/Alaskan Native
AnanyPacifk Islander
Black
Hispanic
W hits
Joint (W hite/M inerity ) 1
Race not availab le *
Gander
M ale
Female
Joint (M ale/Fam ale)4
Oendar not availab le1
In com e*
Leas than 10% o f M SA median
80-99% o f M SA median
100-120% o f M SA median
More than 120% o f M SA median
Income not available *
(*>
<#)
<*>)
Crtdit
His lory
(#)
<%>
Collateral
Insufficient
Cash
<#)
(#)
(%)
(*>)
Unverifiable
Information
<#)
(%)
Application
Incomplete
Mortgage
Insurance
Denied
(#)
(*)
(%)
(%)
Other
<#)
m
Total *
(#)
(%)
Aggregate Table 9
Disposition of Loan Applications by Age o f Housing Stock
Loans on l-to-4 Family Dwellings
Home Purchase Loans
Census Tracts by
Age of Housing Stock11
FHA. FmHA, and VA
Conventional
A
B
No. of
Loans
1970-March 1980
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
1960-1969
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
1950-1959
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
1940-1949
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
1939 or earlier
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed far incompleteness
Total
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
Refinancings of
Home Purchase
Loans
C
No. of
Loans
Amount
(SOOO's)
Loans on Multifamily Nonoccupant Loans
Dwellings for 5 or
on l-to-4 Family
Home Improvement More Families (home
Dwellings from
Loans
purchase and home L-olumns A, B, C and D
Improvement)
D
E
F
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
Aggregate Table 10
Disposition of Loan Applications by Geographic Location Categories
Loans on l-to-4 Family Dwellings
Home Purchase Loans
FHA, FniHA, and VA
Conventional
A
B
Location Category
No. of
Loans
Central City 12
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
MSA less Central City 13
Loans originated
Applications approved but not accepted
Applications denied
Applications withdrawn
Files closed for incompleteness
Total
[FR Doc. 90-15657 F iled 7-5-90; 8:45 am ]
BILLING CODE 6210-01-C
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
Refinancings of
Home Purchase
Loans
C
No. of
Loans
Amount
(SOOO's)
Loans on Multifamily Nonoccupant Loans
Dwellings for 5 or
on l-to-4 Family
Home Improvement More Families (home
Dwellings from
Loans
purchase and home :olumns A, B, C and E
improvement)
D
E
F
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
No. of
Loans
Amount
(SOOO's)
@FedFRASER