Minority homeowners were among the hardest hit during the fallout from the housing bubble. As lenders adjusted their loan products to manage the risks in their portfolios with market interest rates remaining at historic lows, the share of minority mortgage originations shrank while the market shifted from home purchase to refinance mortgages. In this environment, lenders may face greater fair lending risk than during the peak years of the housing boom. Yet despite these challenges, lenders have been able to make significant progress in minority lending throughout many regions of the country.

Change in Minority Mortgage Lending

 

 

About the Author: Jonathon Neil

Jonathon is a Senior Consultant for ADI with expertise in Fair Lending compliance, CRA compliance, data mining, and geographic information systems. You can contact Jonathon at jneil@adiconsulting.com or 703.665.3707.

 

September 10th, 2014|