Changing Patterns XXIII

December 20, 2016

Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts, 2015

In its twenty-third annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-six large cities and towns. Specifically, the report examines:

  • The Level and Composition of Mortgage Lending
  • Borrower Race/Ethnicity and Income
  • Neighborhood Race/Ethnicity and Income
  • Denials of Mortgage Applications
  • Lender Activity
  • Legislative and Regulatory Developments

In addition to the data in the report, MCBC is also providing data on all Massachusetts cities and towns in a set of supplemental tables. An infographic highlighting key data points is also provided. Changing Patterns XXIII was prepared for MCBC by Jim Campen, Professor Emeritus of Economics at UMass Boston.

Changing Patterns Media Coverage:

Boston Globe

Commonwealth Magazine

Worcester Telegram

WBUR’s Radio Boston

 

CRA for Mortgage Lenders in Massachusetts, 2008-2015

May 17, 2016

A new report released by the Massachusetts Community & Banking Council (MCBC), “CRA for Mortgage Lenders in Massachusetts, 2008-2015” highlights that community reinvestment regulation seems to have had a positive impact on the relative performance of Licensed Mortgage Lenders (LMLs) in meeting the needs of traditionally underserved borrowers and neighborhoods.

In the first report of its kind, MCBC provides information on the state law passed in 2007, which mirrors existing federal and state CRA requirements over depository institutions and calls for lenders to meet the credit needs of low- and moderate-income borrowers and geographies when originating residential loans or acquiring mortgage portfolios in the Commonwealth. These requirements are further elaborated by regulation (see 209 CMR 54.00) whereby the Division of Banks (the Division), as the state regulator overseeing state-chartered and licensed financial institutions, is tasked with the CRA supervision of LMLs.

Changing Patterns XXII

December 21, 2015

Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts, 2014

In its twenty-second annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-six large cities and towns. Specifically, the report examines:

  • The Level and Composition of Mortgage Lending
  • Borrower Race/Ethnicity and Income
  • Neighborhood Race/Ethnicity and Income
  • Denials of Mortgage Applications
  • Lender Activity
  • Legislative and Regulatory Developments

In addition to the data in the report, MCBC is also providing data on all Massachusetts cities and towns in a set of on-line tables. Changing Patterns XXII was prepared for MCBC by Jim Campen, Professor Emeritus of Economics at UMass Boston.

Changing Patterns XXI

December 01, 2014

In its twenty-first annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-three large cities and towns.

Changing Patterns XX

February 01, 2014

In its twentieth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-three large cities and towns.

Changing Patterns XIX

December 01, 2012

In its nineteenth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) offers information on patterns of mortgage lending in the City of Boston, in Greater Boston, in Massachusetts, and in thirty-three large cities and towns.

Changing Patterns XVIII

December 01, 2011

Changing Patterns XVII

December 01, 2010

Changing Patterns XVI

January 01, 2010

Changing Patterns XV

January 01, 2009

Changing Patterns XIV

February 01, 2008

Expanding Homeownership Opportunity II – The SoftSecond Loan Program 1991-2006

September 01, 2007

The SoftSecond Loan Program was developed in 1991 by Massachusetts Bankers Association, the Massachusetts Housing Partnership and the Massachusetts Affordable Housing Alliance to address community concerns highlighted in the 1989 Federal Reserve study citing racial disparities in mortgage lending. This report updates the information presented in Expanding Homeownership Opportunity: The SoftSecond Loan Program, 1991-2003, released by MCBC in 2004.

Borrowing Trouble? VII: Subprime Mortgage Lending in Greater Boston, 2005

January 01, 2007

Six years ago, in response to numerous reports of the growth of predatory lending, the Massachusetts Community & Banking Council (MCBC) – whose Board of Directors has an equal number of bank and community representatives – commissioned a study of subprime refinance lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities.

This is the seventh report in the annual series begun by that initial study. Over the years, the scope of the report has greatly expanded. In response to the growing importance of subprime lenders in home-purchase lending, coverage has broadened to include home-purchase loans in addition to loans made to refinance existing mortgages. Also, geographic coverage has broadened to include data on subprime lending in 108 individual cities and towns as well as in all counties, metropolitan statistical areas, and regional planning areas in Massachusetts.

Changing Patterns XIII

November 01, 2006

Borrowing Trouble? VI: Subprime Mortgage Lending in Greater Boston, 2004

March 01, 2006

Five years ago, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) – whose Board of Directors has an equal number of bank and community representatives – commissioned a study of subprime refinance lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities.

This is the sixth report in the annual series begun by that initial study. Geographic coverage has now expanded to include data on subprime lending in 108 individual cities and towns and the reports now cover subprime home purchase loans in addition to subprime loans made to refinance existing mortgages. This year’s report utilizes information on the pricing of high-cost subprime loans that became available for the first time in the Home Mortgage Disclosure Act data for 2004.

Changing Patterns XII

January 01, 2006

Borrowing Trouble? V: Subprime Mortgage Lending in Greater Boston, 2000-2003

January 01, 2005

Four years ago, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) – whose Board of Directors has an equal number of bank and community representatives – commissioned a study of subprime refinance lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities.

This is the fifth report in the annual series begun by that initial study. Geographic coverage has expanded to include data on subprime lending in 108 individual cities and towns. This is the first year that the report has examined subprime home purchase loans in addition to subprime loans made to refinance existing mortgages.

Changing Patterns XI

December 01, 2004

Expanding Homeownership Opportunity – The SoftSecond Loan Program 1991-2003

July 01, 2004

The SoftSecond Loan Program was developed in 1991 by Massachusetts Bankers Association, the Massachusetts Housing Partnership and the Massachusetts Affordable Housing Alliance to address community concerns highlighted in the 1989 Federal Reserve study citing racial disparities in mortgage lending. This report looks at SoftSecond loan activity and performance statewide and is an expansion of the information included in Changing Patterns.

Borrowing Trouble? IV: Subprime Mortgage Lending in Greater Boston, 2000-2002

February 01, 2004

Three years ago, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) – whose Board of Directors has an equal number of bank and community representatives – commissioned a study of subprime refinance lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities. The present report is the fourth in the annual series begun by that initial study; it extends the time period covered through 2002, and expands the number of individual cities and towns for which data on subprime refinance lending are provided to 108.

Changing Patterns X

December 01, 2003

Borrowing Trouble? III: Subprime Mortgage Lending in Greater Boston, 1999-2001

January 01, 2003

Two years ago, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) — whose Board of Directors has an equal number of bank and community representatives — commissioned a study of subprime lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities. The present report is the third in the annual series begun by that initial study; it covers a larger geographical area than its predecessors and extends the time period covered through 2001.

Changing Patterns IX

November 01, 2002

Changing Patterns VIII

December 01, 2001

Borrowing Trouble? II: Subprime Mortgage Lending in Greater Boston, 1999-2000

December 01, 2001

Last year, in response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) — whose Board of Directors has an equal number of bank and community representatives — commissioned a study of subprime lending in the city of Boston and surrounding communities. The resulting report, Borrowing Trouble? Subprime Mortgage Lending in Greater Boston, 1999, was the first detailed look at subprime lending in the city of Boston and in twenty-seven surrounding communities. The present report updates that initial study with data on subprime mortgage lending during the year 2000.

Borrowing Trouble?: Subprime Mortgage Lending in Greater Boston, 1999

February 01, 2001

In response to numerous reports of the growth of predatory lending, both locally and nationwide, the Massachusetts Community & Banking Council (MCBC) commissioned this study of subprime lending in the city of Boston and surrounding communities.

Changing Patterns VII

December 01, 2000

Changing Patterns VI

December 01, 1999

Expanding Home Ownership Opportunities: Recommendations to Increase the Number of Latino Home Buyers

March 01, 1999

Latinos constituted 10.8% of the population in Boston in 1995 but received only 6.3% of all mortgage loans between 1992 and 1996. Mortgage lending data shows that the relatively low level of lending to Latinos is primarily the result of a low level of applications. To address this disparity, the Massachusetts Community & Banking Council’s (MCBC) Mortgage Lending Committee established a Task Force on Latino Mortgage Lending to develop recommendations and strategies to increase the level of mortgage applications from Latinos and mortgage loans made to Latinos in the Greater Boston area.

Changing Patterns V

December 01, 1998

Changing Patterns IV

October 01, 1997

Changing Patterns III

December 01, 1996

Changing Patterns: Mortgage Lending in Boston, A 1994 Update

November 01, 1995

Changing Patterns: Mortgage Lending in Boston, 1990-1993

July 01, 1995