By bank: Racial discrepancies in loan denial 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 loan denial rates (2008)

Black loan applicants are more likely than whites to have home loans denied. This table shows the disparities between black and white loan applicants on the percentage of home loans and refinancings that are denied, as reported by lenders to the federal government. Specifically, the table displays the number and percentage of loans denied by race and income group for different areas. For instance, in the eight-county region, 46.3 percent of upper income blacks were denied a loan, while 34.1 percent of low-income whites were denied. Upper-income whites, meanwhile, were denied 22.9 percent of the time. As the raw numbers (or "Counts") show, many more whites than blacks apply for and are denied loans.

Data: Racial discrepancies in high-cost home loan 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

Loan denial rates with Fifth-Third
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	12	128	5	41	7	87
	% within race	30.0%	20.4%	23.8%	16.9%	36.8%	22.7%
Moderate	Count	19	209	7	55	12	154
	% within race	34.5%	21.2%	25.9%	12.7%	42.9%	27.9%
Middle	Count	21	222	6	35	15	187
	% within race	41.2%	19.7%	27.3%	8.9%	51.7%	25.5%
Upper	Count	10	240	4	39	6	201
	% within race	20.4%	14.7%	20.0%	7.2%	20.7%	18.4%

Loan denial rates with Union Savings Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	8	96	4	16	4	80
	% within race	61.5%	30.7%	57.1%	13.7%	66.7%	40.8%
Moderate	Count	9	129	1	35	8	94
	% within race	39.1%	18.7%	12.5%	13.6%	53.3%	21.7%
Middle	Count	7	107	0	20	7	87
	% within race	35.0%	11.5%	.0%	8.1%	50.0%	12.7%
Upper	Count	5	156	0	17	5	139
	% within race	17.9%	10.5%	.0%	5.9%	23.8%	11.6%

Loan denial rates with HSBC
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	47	201	1	1	46	200
	% within race	92.2%	93.5%	33.3%	20.0%	95.8%	95.2%
Moderate	Count	122	648	1	6	121	642
	% within race	95.3%	93.8%	50.0%	54.5%	96.0%	94.4%
Middle	Count	138	780	1	2	138	780
	% within race	93.9%	93.1%	100.0%	100.0%	94.5%	93.3%
Upper	Count	118	901		1	118	900
	% within race	96.7%	93.8%		50.0%	96.7%	93.8%

Loan denial rates with Wells Fargo Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	20	70	3	19	17	51
	% within race	39.2%	22.9%	17.6%	11.9%	50.0%	34.9%
Moderate	Count	32	124	4	24	28	100
	% within race	43.8%	19.4%	14.3%	5.5%	62.2%	48.3%
Middle	Count	28	184	2	29	26	155
	% within race	47.5%	23.3%	7.4%	6.3%	81.3%	47.1%
Upper	Count	31	205	1	29	30	176
	% within race	45.6%	17.7%	4.0%	4.5%	69.8%	34.4%

Loan denial rates with Countrywide Financial
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	12	103	6	36	6	67
	% within race	46.2%	29.3%	60.0%	23.8%	37.5%	33.3%
Moderate	Count	23	198	13	66	10	132
	% within race	44.2%	27.0%	39.4%	16.6%	52.6%	39.3%
Middle	Count	17	198	6	51	11	147
	% within race	47.2%	24.3%	40.0%	13.4%	52.4%	33.9%
Upper	Count	18	205	2	32	16	173
	% within race	38.3%	20.7%	11.1%	8.8%	55.2%	27.5%

Loan denial rates with National City Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	23	41	6	13	17	28
	% within race	45.1%	10.8%	37.5%	6.7%	48.6%	15.2%
Moderate	Count	20	63	6	23	14	40
	% within race	35.1%	11.4%	17.6%	6.1%	60.9%	22.9%
Middle	Count	6	47	0	10	6	37
	% within race	17.1%	9.0%	.0%	3.4%	40.0%	16.6%
Upper	Count	5	49	0	6	5	43
	% within race	19.2%	6.6%	.0%	1.9%	27.8%	10.3%

Loan denial rates with JP Morgan Chase
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	22	111	4	21	18	90
	% within race	61.1%	47.8%	66.7%	32.8%	60.0%	53.6%
Moderate	Count	26	189	2	28	24	161
	% within race	61.9%	43.3%	33.3%	23.0%	66.7%	51.3%
Middle	Count	21	194	3	20	18	174
	% within race	58.3%	41.9%	30.0%	17.7%	69.2%	49.7%
Upper	Count	19	252	3	27	16	225
	% within race	42.2%	35.5%	37.5%	15.5%	43.2%	42.1%

Loan denial rates with The Huntington National Bank
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	4	32		9	4	23
	% within race	66.7%	23.9%		15.8%	66.7%	29.9%
Moderate	Count	13	44	3	12	10	32
	% within race	59.1%	17.8%	42.9%	10.0%	66.7%	25.2%
Middle	Count	5	67	1	16	4	51
	% within race	35.7%	20.5%	16.7%	13.9%	50.0%	24.1%
Upper	Count	4	77	1	17	3	60
	% within race	22.2%	17.2%	14.3%	12.3%	27.3%	19.4%

Loan denial rates with Taylor, Bean & Whitaker
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	12	53	2	29	10	24
	% within race	38.7%	31.4%	50.0%	43.9%	37.0%	23.3%
Moderate	Count	18	80	6	29	12	51
	% within race	46.2%	29.0%	40.0%	29.0%	50.0%	29.0%
Middle	Count	16	70	2	17	14	53
	% within race	51.6%	25.8%	28.6%	16.7%	58.3%	31.4%
Upper	Count	4	58	2	19	2	39
	% within race	23.5%	28.7%	66.7%	30.2%	14.3%	28.1%

Loan denial rates with Wright Patterson Credit Union all loans
		All loans		Home purchase		Refinance denials
Income group		Black	White	Black	White	Black	White
Low	Count	22	32	7	7	15	25
	% within race	53.7%	27.4%	38.9%	14.0%	65.2%	37.3%
Moderate	Count	22	47	7	6	15	41
	% within race	44.0%	22.6%	26.9%	6.3%	62.5%	36.3%
Middle	Count	7	45	1	4	6	41
	% within race	28.0%	17.8%	9.1%	4.1%	42.9%	26.3%
Upper	Count	4	29	1	1	3	28
	% within race	20.0%	10.4%	20.0%	1.1%	20.0%	15.0%