Expanding Home Ownership Opportunities: Recommendations to Increase the Number of Latino Home Buyers
March 01, 1999
Latinos constituted 10.8% of the population in Boston in 1995 but received only 6.3% of all mortgage loans between 1992 and 1996. Mortgage lending data shows that the relatively low level of lending to Latinos is primarily the result of a low level of applications. To address this disparity, the Massachusetts Community & Banking Council’s (MCBC) Mortgage Lending Committee established a Task Force on Latino Mortgage Lending to develop recommendations and strategies to increase the level of mortgage applications from Latinos and mortgage loans made to Latinos in the Greater Boston area.