Race, Income, and Gender Analysis
Originations of All Applications (Male and Female): Low-Income Level
Table 19 - Top 50 Low Application Activity - Low Income
|
Low Income Category ($0 - $27,688) |
||||||||||||||||
|
White |
Black |
Hispanic |
Other |
|||||||||||||
|
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
|||||||||
|
Reporting |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
|
No applications (n/a) |
0 |
0% |
1 |
2% |
21 |
42% |
27 |
54% |
29 |
58% |
24 |
48% |
34 |
68% |
22 |
44% |
|
100% originations (100%) |
12 |
24% |
8 |
16% |
9 |
18% |
6 |
12% |
8 |
16% |
12 |
24% |
9 |
18% |
13 |
26% |
|
0% originations (0%) |
2 |
4% |
2 |
4% |
6 |
12% |
4 |
8% |
3 |
6% |
3 |
6% |
3 |
6% |
4 |
8% |
|
Totals |
14 |
28% |
11 |
22% |
36 |
72% |
37 |
74% |
40 |
80% |
39 |
78% |
46 |
92% |
39 |
78% |
|
Total Ratio F:M |
1.27 |
0.97 |
1.03 |
1.18 |
||||||||||||
For the low-income category, approximately half of the financial institutions among the Top 50, reported no applications from a Black or Hispanic or Other applicant. Every financial institution reported an application from a White applicant. More specifically, the findings indicate the following:
The data also indicates approximately 42 percent of the financial institutions attained a perfect rate of origination (100%). These outliers are probably due to the origination of a small number of applications reported for mortgage credit. The average number of applications reported for these financial institutions was three. Since there are several banks with a perfect rate of origination, the sector averages may be inflated. Accordingly, the remaining financial institutions, in the sector under analysis, did not attain a perfect rate of origination among the Black, Hispanic and Other cohort. On average, however, these financial institutions reported the same amount of applications as the outliers.
Table 19 demonstrates the number of institutions which reported low application activity, defined as not receiving any applications or having 0% or 100% origination rates due to receiving one or a few applications. In the low-income category, the rate of more institutions with low application activity was higher for females than males, with the exception of Black women.
Originations of All Applications (Male and Female): Moderate-Income Level
Table 20 - Top 50 Low Application Activity - Moderate Income
|
Moderate Income Category ($27,669 - $44,268) |
||||||||||||||||
|
White |
Black |
Hispanic |
Other |
|||||||||||||
|
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
|||||||||
|
Reporting |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
|
No applications (n/a) |
0 |
0% |
0 |
0% |
17 |
34% |
11 |
22% |
22 |
44% |
10 |
20% |
20 |
40% |
10 |
20% |
|
100% originations (100%) |
11 |
22% |
4 |
8% |
12 |
24% |
15 |
30% |
11 |
22% |
11 |
22% |
18 |
36% |
16 |
32% |
|
0% originations (0%) |
0 |
0% |
0 |
0% |
2 |
4% |
2 |
4% |
3 |
6% |
2 |
4% |
2 |
4% |
0 |
0% |
|
Totals |
11 |
22% |
4 |
8% |
31 |
62% |
28 |
56% |
36 |
72% |
23 |
46% |
40 |
80% |
26 |
52% |
|
Total Ratio F:M |
2.75 |
1.11 |
1.57 |
1.54 |
||||||||||||
One out of every five (20 percent) financial institutions, among the Top 50 at the moderate-income level, reported no applications from a Black or Hispanic or Other applicant. Every financial institution reported an application from a White applicant. More specifically, the findings indicate the following:
The data also indicates approximately 41 percent of the financial institutions attained a perfect rate of origination. These outliers are a result of the origination of a small number of applications reported for mortgage credit. The average number of applications reported for these financial institutions was three (3). Since there are several banks with perfect origination (100 percent), the sector averages may be inflated.
The remaining financial institutions, in the sector under analysis, did not attain a perfect rate of origination among the Black, Hispanic and Other cohort. Although, on average, these financial institutions reported the same amount of applications as the outliers. Additionally, the data indicates a significant increase in the number of financial institutions receiving and originating mortgage credit to the non-White cohorts; however, the increase was dramatically significant amongst the Black, Hispanic and Other males.
In the moderate-income category (as shown by Table 20), the rate of more institutions with low application activity was higher for females than males, and increased above the ratios found at the low-income level.
Originations of All Applications (Male and Female): Middle-Income Level
Table 21 - Top 50 Low Application Activity - Middle Income
|
Middle Income Category ($44,269 - $66,402) |
||||||||||||||||
|
White |
Black |
Hispanic |
Other |
|||||||||||||
|
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
|||||||||
|
Reporting |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
|
No applications (n/a) |
0 |
0% |
0 |
0% |
16 |
32% |
7 |
14% |
25 |
50% |
10 |
20% |
22 |
44% |
7 |
14% |
|
100% originations (100%) |
10 |
20% |
0 |
0% |
15 |
30% |
13 |
26% |
14 |
28% |
9 |
18% |
10 |
20% |
16 |
32% |
|
0% originations (0%) |
0 |
0% |
0 |
0% |
3 |
6% |
5 |
10% |
3 |
6% |
1 |
2% |
3 |
6% |
0 |
0% |
|
Totals |
10 |
20% |
0 |
0% |
34 |
68% |
25 |
50% |
42 |
84% |
20 |
40% |
35 |
70% |
23 |
46% |
|
Total Ratio F:M |
10.00 |
1.36 |
2.10 |
1.52 |
||||||||||||
Approximately 14 percent of the financial institutions among the Top 50 at the middle-income level reported no applications from a Black or Hispanic or Other applicant. Every financial institution reported an application from a White applicant. More specifically, the findings indicate the following:
The data also indicates approximately 38 percent of the financial institutions attained a perfect rate of origination (100 percent). These outliers are a result of the origination of a small number of applications reported for mortgage credit. The average number of applications reported for these financial institutions was three (3). Since there are several banks with perfect origination, the sector averages may be inflated.
Accordingly, the remaining financial institutions, in the sector under analysis, did not attain a perfect rate of origination among the Black, Hispanic and Other cohort. On average; however, these financial institutions reported the same amount of applications as the outliers. The data further indicates an increase in the number of financial institutions originating mortgage credit to Black females, a shift of 2 percent The number of financial institutions originating mortgage credit to Hispanic and Other females decreased. The decrease among Other females was 4 percent, while the decrease among Hispanic females was 6 percent. Alternatively, the increase of financial institutions receiving applications and extending mortgage credit to males was higher among Black (8 percent for applications and originations)and Other (6 percent for applications and 8 percent for originations).
In the middle-income category (as shown by Table 21), the rate of more institutions with low application activity remained higher for females than males (for Hispanics the rate was double), and increased above the ratios found at lower levels of income (with the exception of Other females).
Originations of All Applications (Male and Female): High-Income Level
Table 22 - Top 50 Low Application Activity - High Income
|
High Income Category ($66,403 - and above) |
||||||||||||||||
|
White |
Black |
Hispanic |
Other |
|||||||||||||
|
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
Fem |
Mal |
|||||||||
|
Reporting |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
# |
% |
|
No applications (n/a) |
3 |
6% |
0 |
0% |
21 |
42% |
10 |
20% |
29 |
58% |
12 |
24% |
24 |
48% |
3 |
6% |
|
100% originations (100%) |
14 |
28% |
1 |
2% |
13 |
26% |
13 |
26% |
16 |
32% |
16 |
32% |
15 |
30% |
12 |
24% |
|
0% originations (0%) |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
2 |
4% |
0 |
0% |
0 |
0% |
|
Totals |
17 |
34% |
1 |
2% |
34 |
68% |
23 |
46% |
45 |
90% |
30 |
60% |
39 |
78% |
15 |
30% |
|
Total Ratio F:M |
17.00 |
1.48 |
1.50 |
2.60 |
||||||||||||
Similar to the middle-income level, 14 percent of the financial institutions reported no applications from a Black or Hispanic or Other applicant among the Top 50 at the high-income level. Every financial institution reported an application from a White applicant, although 6 percent (3) of the financial institutions did not originate any loans to White females. More specifically, the findings indicate the following:
The data also indicates approximately 47 percent of the financial institutions attained a 100 percent rate of origination. These outliers are a result of the origination of a small number of applications reported for mortgage credit. The average number of applications reported for these financial institutions was three (3). Since there are several banks with perfect origination, the sector averages may be inflated. Accordingly, the remaining financial institutions, in the sector under analysis, did not attain a perfect rate of origination among the Black, Hispanic and Other cohort. On average; however, these financial institutions reported the same amount of applications as the outliers.
Alternatively, the data indicates a decrease in the number of financial institutions receiving applications for mortgage credit to the non-White cohorts except for Other males. The decrease was significant amongst the Black cohort and Hispanic females. As a result, there was significant decrease in the number of financial institutions originating mortgage credit to Black females (6 percent). However, there was an increase of financial institutions who previously reported applications but did not extend mortgage credit to Black males originating loans. This increase was significant (6 percent). For the Hispanic cohort and Other females, there was a significant increase in the number of financial institutions with perfect origination rates. Other males reported a significant increase in financial institutions originating mortgage credit (8 percent) and a significant decrease in financial institutions with perfect origination (8 percent), resulting in a decrease in origination rate.
In the high-income category (as shown by Table 22), the rate of more institutions with low application activity remained higher for females than males and increased above the ratios found at lower levels of income (with the exception of Hispanic females).
State-Wide Analysis - Origination Rates by Income and Gender
The differences between the data of the White and the non-White cohorts, in the sector analysis, presented a challenge in comparing them. With so many institutions reporting no, or a minimal amount of, applications reported, the data that is present has a substantive effect upon the sector totals, possibly resulting in inflation. Subsequently, state-wide analysis was performed.
Figure 6 - Origination Rates by Income and Gender (White)
At the low-income level, origination rates for White females and White males were fairly equal. Origination rates were highest for White females (approximately 83 percent) compared to White males (approximately 79 percent) at the moderate-income level. White females declined slightly (.5 percent) at the middle-income level, while White males increased (4.3 percent) and attained a higher origination rate in this income category. White males maintained the same origination rate for the high-income level while White females continued to decline another 1 percent.
Figure 7 - Origination Rates by Income and Gender (Black)
Origination rates were highest for Black females compared to Black males at all levels except for middle-income. For both Black females and males, sizable increases were found at the moderate-income level (9.9 percent) and (5.2 percent), respectively. At the middle-income level, Black females increased slightly (about .5 percent), while Black males increased significantly (7 percent) and attained their highest level of origination. Alternatively, while Black male origination rates decreased at the high-income level (.7 percent), Black female origination rates increased (1.2 percent). As a consequence, Black females attained the highest origination rate at the high-income level (73.2 percent).
Black female origination rates increased with each income level, in contrast to White female rates which peaked at the moderate-income level, then declined. Despite this trend, the lowest white female origination rate (79% at the low-income level) was still higher than the origination rates for black females at all incomes. The highest Black female rate was 73.2%.
Figure 8 - Origination Rates by Income and Gender (Hispanic)
Origination rates were highest for Hispanic females compared to Hispanic males at the low-income and high-income levels. Origination rates for Hispanic females decreased slightly (2.2 percent) from low- to moderate-income levels.
While an increase was observed for both cohorts from the middle- to high-income level, the increase for Hispanic females was substantive (6.1 percent). Consequently, Hispanic females attained the highest origination rate at the high-income level. At the high-income level, the percent of Hispanic women’s originations was about equal to that of White females.
Figure 9 - Origination Rates by Income and Gender (Other)
The Origination rate for Other females increased at each income level. Alternatively, for Other males, the origination rate increased at each income level except for high-income. The largest increase occurred from the moderate- to middle-income level (6.2 percent), but then decreased (3.9 percent), at the high-income level. As a result, Other females, which had lower rates of origination in the other three income categories than males, pulled equal at the high-income level to men.
Statewide Female to Female Comparison - Origination Rates by Race and Income
Figure 10 - Female Origination Rates by Income and Race
While the percentage of originations increased for Blacks and Other females at each income level (low to high), these changes were not consistent for White and Hispanic females. The percentage origination for Hispanic females decreased from low- to moderate-income levels. However, the decrease was not significant. Alternatively, significant increases were observed for Hispanic females from the moderate- to middle-income level (5.5 percent) and from the middle- to high-income level (6.1 percent). In turn, the origination rate for White females peaked at moderate-income, and decreased at both middle- and high-income levels. These decreases were not significant. Other findings for each respective racial and income category are detailed below.
Statewide Female to Female Comparison - Application and Origination Rates
Figure 11 - Low Income Rates (Female)
Black females attained the highest inter-racial application rate (59.9 percent), followed by White females (31.1 percent), Hispanic females (30.4 percent), and Other females (24.1 percent), respectively. Subsequently, the highest origination rate was attained by White females (79 percent) followed by Other females (71.9 percent), Hispanic females (71.6 percent), and Black females (61.6 percent), respectively.
Figure 12 - Moderate Income Rates (Female)
(From APPENDIX I, Table 33)
Black females attained the highest inter-racial application rate (48.8 percent), followed by White females (29.8 percent), Other females (25.5 percent), and Hispanic females (22.1 percent), respectively. In turn, White females attained the highest origination rate (83.3 percent) followed by Other females (73.7 percent), Black females (71.5 percent), and Hispanic females (69.4 percent), respectively.
Figure 13 - Middle Income Rates (Female)
(From APPENDIX I, Table 33)
Black females attained the highest inter-racial application rate (33.9 percent), followed by Other females (23.1 percent), White females (17.4 percent), and Hispanic females (15.5 percent), respectively. Alternatively, White females attained the highest origination rate (82.8 percent) followed by Other females (76.5 percent), Hispanic females (74.9 percent), and Black females (72 percent), respectively.
Figure 14 - High Income Rates (Female)
(From APPENDIX I, Table 33)
Black females attained the highest inter-racial application rate (22 percent), followed by Other females (13.9 percent), Hispanic females (13.8 percent), and White females (10.7 percent), respectively. In turn, White females attained the highest origination rate (81.9 percent) followed by Hispanic females (81 percent), Other females (78.8 percent), and Black females (73.2 percent), respectively.
| 
| 
| 
| 
|