By bank: Racial discrepancies in high-cost home loan rates from 2008

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Well-off blacks denied loans more than low-income whites

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By bank: Racial discrepancies in high-cost home loan rates (2008)

Black loan applicants are more likely than whites to get high-cost loans. This table shows the disparities in the percentage of high-cost loans given to black and white applicants.

Census Tract 41 in Montgomery County has the highest loan denial rate in the eight-county region among tracts with more than 10 loans, according to a Dayton Daily News analysis of federal Home Mortgage Disclosure Act data. In 2008, 80 percent, 36 out of 45, of the home and refinance loans applied for by residents there were denied. It's also one of the most heavily minority communities: 99.3 percent minority. The neighborhood, is just south of U.S. 35, along Germanton Street, east of McArthur Blvd.

Data: Racial discrepancies in loan denial rates (2008)

The income groups are defined as follows:
Low = less than 50% of Metropolitan Statistical Area median family income.
Moderate = 50% - 80% MSA median income
Middle = 80% - 120% MSA median income
Upper = greater than 120% MSA median income

MSA median family incomes differ:
Dayton MSA (Montgomery, Miami, Greene and Preble counties) = $59,800
Cincinnati MSA (Warren and Butler counties) = $66,200
Springfield MSA (Clark County) = $54,500
Darke County = $51,600

Rates for blacks higher than whites

Rates for upper-income blacks higher than low-income whites

View data by county

Citi Financial Group
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	11	52	2	1	9	51
	% within race	61.1%	29.1%	100.0%	25.0%	56.3%	29.1%
Moderate	Count	15	86		5	15	81
	% within race	51.7%	35.0%		23.8%	51.7%	36.0%
Middle	Count	4	92		2	4	90
	% within race	25.0%	35.8%		8.7%	25.0%	38.5%
Upper	Count	4	47	0	3	4	44
	% within race	23.5%	14.6%	.0%	5.4%	30.8%	16.6%

Fifth-Third Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	3	45	2	28	1	17
	% within race	10.7%	9.0%	12.5%	13.9%	8.3%	5.7%
Moderate	Count	11	63	10	38	1	25
	% within race	30.6%	8.1%	50.0%	10.0%	6.3%	6.3%
Middle	Count	3	57	2	24	1	33
	% within race	10.0%	6.3%	12.5%	6.7%	7.1%	6.0%
Upper	Count	4	44	1	26	3	18
	% within race	10.3%	3.2%	6.3%	5.2%	13.0%	2.0%

Wells Fargo Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	7	28	4	21	3	7
	% within race	22.6%	11.9%	28.6%	14.9%	17.6%	7.4%
Moderate	Count	9	53	3	31	6	22
	% within race	22.0%	10.3%	12.5%	7.6%	35.3%	20.6%
Middle	Count	7	50	3	14	4	36
	% within race	22.6%	8.3%	12.0%	3.2%	66.7%	20.7%
Upper	Count	6	50	0	10	6	40
	% within race	16.2%	5.3%	.0%	1.6%	46.2%	11.9%

Countrywide Financial
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	3	19	1	7	2	12
	% within race	21.4%	7.6%	25.0%	6.1%	20.0%	9.0%
Moderate	Count	6	41	4	25	2	16
	% within race	20.7%	7.7%	20.0%	7.6%	22.2%	7.8%
Middle	Count	5	42	3	23	2	19
	% within race	26.3%	6.8%	33.3%	7.0%	20.0%	6.6%
Upper	Count	1	31	1	14	0	17
	% within race	3.4%	3.9%	6.3%	4.2%	.0%	3.7%

J.P. Morgan Chase
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	3	13	0	6	3	7
	% within race	21.4%	10.7%	.0%	14.0%	25.0%	9.0%
Moderate	Count	3	43	1	25	2	18
	% within race	18.8%	17.4%	25.0%	26.6%	16.7%	11.8%
Middle	Count	1	26	1	13	0	13
	% within race	6.7%	9.7%	14.3%	14.0%	.0%	7.4%
Upper	Count	7	34	2	14	5	20
	% within race	26.9%	7.4%	40.0%	9.5%	23.8%	6.5%

National City Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	7	23	0	14	7	9
	% within race	25.0%	6.8%	.0%	7.7%	38.9%	5.8%
Moderate	Count	5	37	3	28	2	9
	% within race	13.5%	7.5%	10.7%	7.9%	22.2%	6.7%
Middle	Count	3	30	2	17	1	13
	% within race	10.3%	6.3%	10.0%	5.9%	11.1%	7.0%
Upper	Count	1	16	0	8	1	8
	% within race	4.8%	2.3%	.0%	2.5%	7.7%	2.1%