Community Investment Practices of Mortgage Banks Hearing Before the Subcommitt

Cover Community Investment Practices of Mortgage Banks Hearing Before the Subcommitt
Community Investment Practices of Mortgage Banks Hearing Before the Subcommitt
Finance United States Congress House Committee On Banki
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The median family income maps can be used to assess this factor. This relationship is evident in a number of the lending partem maps for the Los Angeles and the Atlanta metro areas.
In some metro areas, the cut-off point for lending in minority neighborhoods varies between individual lenders.
Many revealing insights into mortgage lending patterns — particularly the variations in cut-off points — can be obtained by combining the color-coded lending pattern maps with minority population concentra
...tion, minority population composition maps and median family 19 219 income maps. (All of these maps are listed in Appendix C. ) For example, in the Atlanta metro area. Decatur Federal Savings &. Loan and Griffin Federal Savings Bank make very few mortgage loans in neighborhoods where the minority population concentration was greater than 75 percent Decatur engaged in limited lending activity in integrated neighborhoods — i. E.. Census tracts in which the minority population concentration is in the 25 percent to 75 percent range.

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