Overall, the rate of denial for each racial category in the 2014 LAR was slightly higher (approximately between two and five percentage points) than those in the combined 4-1 and 4-2 HMDA data. For example, LAR Data showed American Indians/Alaskan Natives being rejected at a rate of 32 percent, while the combined HDMA data showed this group rejected at 29 percent. Whites were rejected at 13% in the HDMA data, while they had a rejection rate of 20 percent in the LAR data.
The main outlier in this trend is the group Native Hawaiians/Other Pacific Islanders. Their rejection rate in the LAR data is actually lower (21 percent) than the rate from the HDMA data (28 percent). Two possible contributing factors to this may be the rate of approval in loans for refinancing and for home improvements. For each category, Native Hawaiians/Pacific Islanders had some of the lowest rates of rejection. This contrasts the data we’ve previously found, in which Native Hawaiians/Pacific Islanders had high rejection rates for typical home purchases.
Very good analysis. One correction here: “Their rejection rate in the LAR data is actually lower (21 percent) than the rate from the HDMA data (28 percent).” This is all HMDA data. One is a smaller subset, that’s all.
The charts are excellent. One thought — perhaps filter out race not provided? And put labels on the bars so we see the exact figures.