Mortgage Lending Reports

In its sixteenth annual report on mortgage lending patterns, the Massachusetts Community & Banking Council (MCBC) documents a continued decline in the overall volume of mortgage lending and, in particular, in the percentage and number of higher-cost home purchase and refinance loans.  Utilizing 2008 mortgage lending data, the report shows that, while nearly every city and town in Massachusetts received at least one high-cost mortgage loan, there is a continuing patterns of high-cost mortgage loans concentrated among members of minority groups and the neighborhoods in which they live. 

Changing Patterns XVI:  Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts, 2008 provides analyses of prime and subprime lending patterns in the city of Boston, Greater Boston and Massachusetts in 2008, as well as for each of the state’s fourteen counties and each of its thirty-three largest cities and towns.  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 XVI was prepared for MCBC by Jim Campen, professor emeritus of economics and senior research associate at the Gaston Institute at UMass Boston.

This report provides data on lending by the SoftSecond Loan Program during the most recent three-year period (2004-2006) as well as over the sixteen-year life of the program.

Past Reports: