HMDA High-Cost Indicators Compare across any geography and available at multiple geographic levels: Neighborhood (census tract), city, county, metropolitan.

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Presentation transcript:

HMDA High-Cost Indicators Compare across any geography and available at multiple geographic levels: Neighborhood (census tract), city, county, metropolitan area, and state levels. Density of High-Cost Home Purchase Loans, Strong correlations for areas between high numbers of high-cost loans and high numbers of foreclosures. Density of High-Cost Investor Purchase Loans, Suggests where renters in single-family homes and small buildings may be affected by foreclosure.

HMDA Market Conditions Knowledge of market conditions is necessary to craft strategy for handling foreclosure prevention and neighborhood stabilization. Density of Home Purchase Loans, 2008 Signals demand for residential housing Median Home Purchase Loan Amount, 2008 Additional measure of demand. Density of Investor Purchase Loans, 2008 Role of investors in an area’s housing market

HMDA Indicators Where can you find the HMDA data on Foreclosure-Reponse.org? – response.org/maps_and_data/hmda_data.htmlhttp:// response.org/maps_and_data/hmda_data.html –Essay explaining indicator selectionEssay explaining indicator selection New mapping tools for HMDA data are coming soon! Sign up for updates – clink the link on the bottom of our home page.home page