Title page
Contents
1. Introduction 3
1.1. Key Findings 4
2. Data 6
3. Results 10
3.1. Sample and Summary Statistics 10
3.2. Originators Per Capita and Neighborhood Characteristics 13
3.3. Loan Outcomes and Originators Per Capita 21
3.4. Borrower Outcomes and Originators Per Capita 30
4. Conclusion 40
Table 1. Census Tract Summary Statistics 12
Figure 1. Mortgage Lending Activity, 2018-2020 13
Figure 2. Originators Per Capita and Census Tract Relative Income 14
Figure 3. Originators Per Capita by Census Tract Relative Income Group 15
Figure 4. Originators Per Capita and Adult Educational Attainment 17
Figure 5. Originators Per Capita and Census Tract Poverty 18
Figure 6. Originators Per Capita and Unemployment 18
Figure 7. Originators Per Capita and Household Internet Access 19
Figure 8. Originators Per Capita and the Share of Residents in Different Race/Ethnicity Groups 21
Figure 9. Mortgage Application Rejections and Originators Per Capita 23
Figure 10. Mortgage Application Rejections with AUS Approval and Originators Per Capita 24
Figure 11. Median Interest Rate and Originators Per Capita 25
Figure 12. Median Total Points and Fees and Originators Per Capita 26
Figure 13. Median Origination Charges and Originators Per Capita 27
Figure 14. Median Total Loan Costs and Originators Per Capita 28
Figure 15. Institution Type and Originators Per Capita 30
Figure 16. Percent of Applications Rejected and Originators Per Capita 33
Figure 17. Percent of Applications Rejected with AUS Approval and Originators Per Capita 34
Figure 18. Interest Rates for Originated Loans and Originators Per Capita 35
Figure 19. Total Points and Fees for Originated Loans and Originators Per Capita 36
Figure 20. Borrower-paid Origination Charges for Originated Loans and Originators Per Capita 37
Figure 21. Borrower-paid Total Loan Costs for Originated Loans and Originators Per Capita 38