National Trends in Subprime Home Purchase Mortgage Market

This analysis is part of a continuing sequence of case studies conducted by the National Urban Research Group examining Borrowing While Black racial disparities in the allocation of higher cost subprime mortgage products. Utilizing mortgage data supplied by the Home Mortgage Disclosure Act (HMDA), the National Urban Research Group conducted cross-sectional descriptive analysis on home purchase mortgage lending, from the years 2004 to 2008. The data contained information on every applicant for a home purchase mortgage made in the United States over this four-year period. After applying all filters, the final dataset contains information on approximately 22.9 million mortgages. Of which, 13.3 million was use for refinancing an existing mortgage and 10.3 million for purchasing a one-to-four family home.

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