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(405 <br />City of Cuyahoga Falls, Ohio 44 <br />Q Anal sis of Impediments to Fair Housing Choice <br />the applicant. In most cases this means that the applications were taken over the phone <br />or on the internet since, which is one of the ways that sub prime lenders accept applications <br />However it is still a concern that the minority population is 4.6% of the total population and <br />yet only 2.1 % of conventional home purchase applications were from minorities in 2002. <br />Whites had an ration of applications to population of 1.2, while minorities had a rate of 2.1. <br />Even considering the fact that the minority population is small it would be expected that <br />applications would have been better. <br />Table 33 shows how those applications fared. It is one thing to get in the door to make an <br />applications but what happens to that application after it was submitted. <br />Table 33 - Action on Ap lications By Race <br />��� 2002' <br />Race pp <br />A licat�ons::::j:::::�r g <br />iinations Denials <br />Number Percent Number ' Percent Number Percent <br />White ..._._.. __., 829 76.3% 679 81.9% 49 5.9% <br />Black 12 ' 1.1 % 4 33.3% 3 25.0% <br />_ a _ _......_.._ <br />Other Minorities 10 1 0.9 % ; 6 60.0% 2 20.0% <br />Not Available 217 20.0% ; 180 82.9% 13 6.0% <br />In 2002 origination rates for Whites versus Blacks and other minorities is higher. Blacks <br />had more than 33% of their applications approved compared to 81.9% for Whites. <br />Considering the small number of Black applications it would have been hoped that <br />originations would be higher. When the number of applications is so small as to be <br />statistically non important then the decent rates of originations or denials means little. <br />Frankly, it would be expected that with the changes in today's lending market and the <br />awareness of lenders of fair lending issues and programs that the service to the minority <br />community in Summit County and in Cuyahoga Falls would have been better. <br />The City does have the ability to review Home Mortgage Disclosure Act data for all lenders <br />that are participating in mortgage lending in the City. They can do this by annual HMDA <br />reviews using available software such as was used for this report or looking up specific <br />lenders on the Federal Reserve's web site or even by requesting copies of local lenders <br />HMDA reports. <br />By conducting such reviews the City can have a better awareness of the lending market, <br />