Black, Low Income Share of Purchase Financing Rises

On loans used to finance a home purchase, lower-income and black borrowers saw their share rise. But a decline was noted on refinances.

Between 2014 and 2015, the number of mortgages originated was up by 1.4 million units. That worked out to an increase of 22 percent.

On just mortgage refinances, production was up by 36 percent from 2014. Purchase financing loans saw a year-over-year rise of 13 percent.

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From:: Financing