Monday, September 22, 2014

My First Effort at Looking at HMDA 2013 Data: Looks Like 299 Owner Occupied Home Purchase Loans for African American Borrowers.

CCCB has a system HERE I have never used before that allows selective queries of the HMDA data. 

I believe the query HERE returns all Oregon African American home loan owner occupied originations in 2013 (for 1 to 4 unit properties).  I count:
  • A total of 839 originations
  • A total of 299 home purchase loan originations with 191 (64%) of them in the form of FHA loans.
For some context 3 year ACS data for 2010-2012 shows there were 24,418 African American households in Oregon with 7,665 home owners. 

That means for every 1,000 African American households in Oregon there were 12.2 African American owner occupant home purchase loans made in 2013. (This might be understated since HMDA data only covers metro areas, but likely only marginally because there are relatively few African Americans in Oregon rural areas).
Will be instructive to see if other validate the numbers I extracted. Would welcome feedback to

Originally created and posted on the Oregon Housing Blog

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