In its annual report on mortgage lending patterns, Changing Patterns, the Massachusetts Community & Banking Council (MCBC) highlights differences among lending patterns by race, income, and community. The report shows that in 2014, blacks in Boston made up 21.0% of households, but received only 3.6% of loans, while Latinos made up 13.7% of households and received 4.0% of loans.  In Greater Boston, blacks were 7.3% of households and received 2.0% of loans, while Latinos were 6.8% of households and received 3.2% of loans.

Jim Campen, the report’s author, presented the data from the most recent report, Changing Patterns XXII. View his presentations here. The interactive session also used the report as a tool to explore why these patterns have emerged and allowed participants to dig into the data and issues behind them through an in-depth conversation on issues of racial and income disparities, homeownership barriers, and potential solutions to emerging patterns of concern.

 

Speakers included:

• Moderator: Esther Maycock-Thorne, President, MAHA
• Steven L. Antonakes, Senior Vice President and Chief Compliance Officer, Eastern Bank
• Kathleen Engel, Research Professor, Suffolk University Law School
• Ana Patricia Munoz, Director, Community Development Research and Communications, Federal Reserve Bank of Boston

 

To get involved in next steps, contact Dana LeWinter at dlewinter@mcbc.info to join MCBC’s Mortgage Lending Committee.