Centering GSE 2020 Oregon Loan Acquisitions on Minority Borrowers and Co-Borrowers.

In my most recent post this week I included a link to a new Excel workbook I created that included loan level detail for 163,000 GSE (Fannie Mae and Freddie Mac] loan acquisitions in Oregon in 2020.

I have now added 11 new worksheets to the GSE Excel file I created earlier HERE . The file is slightly larger at 135 MB, but the link and file name remain the same.

These worksheets focus exclusively on minority loans acquired by the GSE‘s in Oregon in 2020.

First, there is a two page summary of loans acquired for borrower or co-borrowers in four minority racial categories and for Hispanic borrowers or co-borrowers. That PDF file is HERE and the summary section is pasted below.

Then there are five pivot tables and five related data worksheets for Hispanic, American Indian or Alaska Native, Asian, Black, and Native Hawaiian Islander or other Pacific Islander borrower or co-borrowers.

Share of  Oregon GSE Loans: Four Minority Racial Categories and Hispanics 

The data shows that 5.9%/13,358 of all 163,089 loan acquisitions were for borrower or co-borrowers in 4 racial minority categories and 8.2%%/9,558 were for Hispanic borrower or co-borrowers.

For (43,640) home purchase loans those shares were 9.4%/4,088 (four minority racial categories) and 7.6%./3,324 (Hispanics).

And for (18,884) first time homebuyer loans those shares were 11.3%/2,136  (four minority racial categories)  and 9.9%/1,869 (Hispanics).

Many GSE Minority Loans Acquired Were FHA Insured Loans

84% of all loans reported by the GSE‘s for four minority racial categories were FHA insured loans. FHA insured loans were 80% of all Hispanic loans acquired by the GSE’s.

That FHA share drops to about 48% for home purchase loans for the four minority racial categories and 44% for Hispanic home purchase loans. 

And, perhaps because of rules that may have restricted how government guaranteed loans can be counted toward GSE goals, the percentage of FHA insured loans for first time homebuyer loans acquired for the four minority racial categories, and for Hispanics, was reported as ZERO.

Note that the GSE FHA loan counts are NOT all 2020 Oregon FHA loans made to borrowers and Co-borrowers in the four racial categories or to Hispanics, just those loans that were FHA insured and then acquired by GSE’s.

Originally created and posted on the Oregon Housing Blog.