This report was made possible through the generous support o the Sears ConsumerProtection and Education Fund.
About this Research
In June 2010, the Center or Responsible Lending published
Foreclosures by Race& Ethnicity: The Demographics of a Crisis,
which showed the disparate impacts o oreclosures on Arican American and Latino homeowners and other communitieso color. That report relied on oreclosure rates rom a national dataset o mortgagesthat were matched with loan inormation collected under the Home MortgageDisclosure Act (HMDA).Like the previous report, the current research examines the geographic anddemographic dimensions o oreclosures by relying on proprietary loan inormationmatched with HMDA data. Here we also incorporate a third data source and newloan-matching methodologies, allowing us to examine outcomes on a larger portiono the mortgage market, and more variables related to those outcomes (e.g., loantype), during the peak years o the subprime boom. Our results are based onapproximately 27 million matched loans, representing 63 percent o mortgagesincluded in HMDA data that were originated between 2004 and 2008.