Women's Access to Mortgage Lending in NJ

< HREF="/cupr/community/organizations/projcomm/waml/waml.htm">

WOMEN'S ACCESS TO MORTGAGE LENDING IN NEW JERSEY

Report to New Jersey Citizen Action

Project Community
Center for Urban Policy Research

May 12, 1997

Principal Investigators and Authors:
Andrew Abrams
Jeffrey Lowe
Jeanette Lucente

Faculty Advisor:
Norman J. Glickman, Ph.D.

Project Manager & Editor:
Stephen Finn, M.S.W.

Project Community
Center for Urban Policy Research
Dr. Norman J. Glickman, Director
Rutgers, The State University of New Jersey

Funding support for Project Community is provided by the Fund for New Jersey, Ford Foundation and Rutgers University.

PROJECT COMMUNITY

Project Community is an initiative of the Center for Urban policy Research at Rutgers supported in part by a grant from the Fund for New Jersey and the Ford Foundation, to provide research assistance to New Jersey's community based organizations. Project Community responds to requests for research on community development projects which CBOs plan to implement. The aim of Project Community is to help CBOs further their goal of rebuilding distressed communities. Project Community is part of the Center for Urban Policy Research's 25 years of service to New Jersey's governments, industries and CBOs on matters of poverty, housing, economic development, land use, transportation, technology and the environment.

Project Community draws upon the talent and resources of Rutgers University's faculty, staff and students from the Bloustein School of Planning and Public Policy and other disciplines to carry out its mission. An advisory board of nonprofit community development corporations and their representatives exists to make policy recommendations for the Project Community effort.

List of Tables

Table 1 Large Lenders Among the Top 50
Table 2 Medium Size Lenders Among the Top 50
Table 3 Small Lenders Among the Top 50
Table 4 Statewide and Top 50 Application Data
Table 5 New Jersey Household Data
Table 6 Summary of F:M Application Ratios for Medium-to-Large Institutions
Table 7 Large Institutions with Low F:M Application Ratios (<.2)
Table 8 Large Institutions with High F:M Application Ratios (>.3)
Table 9 Statewide and Top 50 Origination Data
Table 10 Medium and Large Institutions with High F:M Origination Ratios (> 1.04)
Table 11 Top 50 Rankings
Table 12 Summary of Statewide and Top 50 Denial Data
Table 13 Medium and Large Lenders with Denial Ratios above the Statewide Mean
Table 14 Summary of Statewide Denial Reason Data
Table 15 Summary of Top 50 Denial Reason Data
Table 16 Summary of Statewide and Top 50 Withdrawal Data
Table 17 Top 50 Lenders with Over 50 Withdrawals and F:M Withdrawal Ratios >1
Table 18 Top 50 Lenders with Female Withdrawals over 15% of Total Female Applications
Table 1 Top 50 Low Application ActivityLow Income
Table 20 Top 50 Low Application ActivityModerate Income
Table 21 Top 50 Low Application ActivityMiddle Income
Table 22 Top 50 Low Application ActivityHigh Income
Table 23 Analysis of Application Rates by Region
Table 24 Analysis by Census Tract for Application Rates
Table 25 Analysis by Census Tract for Origination Rates
Table 26 Analysis of All Statewide and Top 50 Overall Totals
Table 27 Top 50 Lending InstitutionsRanked by Application Ratios
Table 28 Top 50 Lending InstitutionsRanked by Origination Ratios
Table 29 Top 50 Lending InstitutionsRanked by Denial Ratios
Table 30 Top 50 Lending InstitutionsRanked by Withdrawal Ratios
Table 31 Analysis of Percent Originated of All Applications by Income, Race, and Gender (1 of 2)
Table 32 Female Applications Rates by Race and Income
Table 33 Female Application and Origination Rates by Race and Income (1 of 2)
Table 34 Analysis by Region for Application Rates
Table 35 Analysis by Region for Origination Rates (1 of 2)
Table 36 Analysis by Census Tract for Application Rates
Table 37 Analysis by Census Tract for Origination Rates (1 of 2)
Table 38 Application and Origination Data for White Applicants by Income
Table 39 Application and Origination Data for Black Applicants by Income
Table 40 Application and Origination Data for Hispanic Applicants by Income
Table 41 Application and Origination Data for Other Applicants by Income
Table 42 Application and Origination Data for Racial Groups by Gender

List of Figures

Figure 1 Female to Male Application Ratios
Figure 2 Female to Male Origination Ratios
Figure 3 Female-to-Male Denial Ratios
Figure 4 Female-to-Male Withdrawal Ratios
Figure 5 Origination Rates by Income and Gender (White)
Figure 6 Origination Rates by Income and Gender (Black)
Figure 7 Origination Rates by Income and Gender (Hispanic)
Figure 8 Origination Rates by Income and Gender (Other)
Figure 9 Female Origination Rates by Income and Race
Figure 10 Low Income Rates (Female)
Figure 11 Moderate Income Rates (Female)
Figure 12 Middle Income Rates (Female)
Figure 13 High Income Rates (Female)
Figure 14 Regional Application Rates by State Totals
Figure 15 Percent of Originations per Applications by Regional Average of Statewide Totals
Figure 16 Application Rates by Census Tract for Statewide Totals
Figure 17 Application Ratios by Census Tract for Statewide Totals
Figure 18 Percent of Originations per Applicants by Census Tract by Statewide Totals
Figure 19 F:M % Originations per % Applications by Region
Figure 20 F:M Applications by Census Tract
Figure 20 F:M % Originations per % Applications by Census Tract
Figure 21 Focus Group Questionnaire