Unexpected: HAMP Data from Servicers Says, for Mods Where Race/Ethnicity Was Reported, More than Half of Mods Were for Minorities/ One Quarter Were Hispanic.

The latest HAMP reports are out and now include new loan level data files which are HUGE and will be a pain to analyze. (Treasury has done a minimal job in making the data user friendly and many data fields appear to be empty, including state and metro code fields).  

One thing that caught my eye is the Treasury national summary of loan mods by race and ethnicity. Their data shows that since December 2009, for those mods were race was reported, more than HALF of all loan mods were for minorities, and more than one quarter were Hispanic, as shown in the table below.  (Double click on table to increase visibility).

(HERE is data explanation from Treasury that includes this table from page 7. Note that preceding table on that page shows that race/ethnicity was not reported for 30%+ of applicants; including all applicants reduces minority/ Hispanic %'s significantly ). 

Originally created and posted on the Oregon Housing Blog.