Federal Reserve HMDA 2008 Data: FHA Market Share at 21%, But FHA Market Share for African Americans/Hispanics >45%.

AP news story HERE. (Draft of related Federal Reserve Board Bulletin article is HERE)

From AP story:

Loans backed by the Federal Housing Administration soared to 21 percent of all loans made last year from less than 5 percent in both 2005 and 2006.

For black borrowers, more than half of all loans were FHA-insured, more than triple a year earlier. For Hispanics, that number shot up to 45 percent, more than four times as high as in 2007.

Originally created and posted on the Oregon Housing Blog.