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Access To Capital.pdf

rrn-hmda-2017.pdf
Preview of access to capital
🔗 Source: ruralhome.org
📊 Size: 640 KB
👤 Author: Lance George
⬇️ Downloads: 185

Summary

Rural mortgage activity increased in 2016, with a 29% rise in originated home purchase and refinance loans, but still lags behind suburban and urban areas. Rural home purchase lending has increased for five consecutive years, with 55% of rural lending involving first lien home purchase loans. However, rural borrowers face elevated denial rates and high-cost lending, with 9% of rural loans being high-cost compared to 5% in suburban and urban areas. Government-backed lending makes up a larger share of rural mortgages, and small-asset lenders play a significant role in rural lending.

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Description

Rural mortgage activity increased in 2016, with a 29% rise in originated home purchase and refinance loans, but still lags behind suburban and urban areas.

Technical Information

  • File Format: PDF
  • File Size: 640 KB
  • Pages: 5
  • Language: EN
  • Author: Lance George
  • Total Downloads: 185
  • Last Updated: 2 weeks ago

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This PDF document about access to capital provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into access to capital.

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