An analysis of data collected on the Home Mortgage Disclosure Act revealed California's credit unions both approved mortgage loan applications from Hispanic borrowers a bit more often than credit unions nationwide and denied them a bit less often in 2012, the latest year tracked.
An analysis of HMDA data found in the LendingPatterns.com database by Compliance Technologies found borrowers who identified as Hispanic ethnicity filed 70,459 mortgage loans applications with credit unions nationwide in 2012.
From those, credit unions originated 37,371 loans or 48.78% and denied 17,841 or 25.32%.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
