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This question is based on home loan applications that lending institutions have reported to the Consumer Finance Protection Bureau in compliance with the Home Mortgage Disclosure Act.
The following analysis is based on loan applications for mortgages for single-family, owner-occupied homes.
The analysis is based on 19 years of data, from 2007 through 2025.
In most municipalities in the Fifth Middlesex District, the mortgage applications from Black homebuyers are denied at a higher rate than those from white homebuyers.
Black applicants are more likely to be denied than white applicants due to Debt-to-Income Ratio and Insufficient Cash.
Debt-to-Income Ratio is the top reason for denials across all of Massachusetts.
In your first 2 years, what steps would you initiate to increase the number of Black homeowners in Massachusetts?
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