Furman Center Releases New Report on Mortgage Lending to Vulnerable Communities

Research & Policy | August 10th 2011

August 10, 2011: New research released by the Furman Center finds that across the U.S.,  the number of home purchase mortgages issued to low- and moderate-income borrowers jumped by 26 percent in 2009, even as overall home purchase lending declined. The new data brief, Mortgage Lending to Vulnerable Communities: A Closer Look at HMDA 2009, finds that lending to low- and moderate-income homebuyers increased nationwide in 2009, despite a reduction in the number of home purchase mortgages issued to higher income borrowers. Lending in low- and moderate-income neighborhoods, on the other hand, did not see a similar increase. View the press release.

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