Closing the gap or closing the door?

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• TX home loan problems
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• GIS and home loans

This report is the work of the Texas Low Income Housing Information Service

TxLIHIS, assisted by Essential Information of Washington, DC, used data reported by Fannie Mae to HUD to carry out this study. Forty-five detailed maps and charts are presented in the full report.

This map of census tracts in the Dallas/Fort Worth area depicts Fannie Mae’s market share of conventional loan originations within each census tract.

The census tracts in Dallas and Tarrant Counties in which the minority population is greater than 50 percent are shown on the map with a crosshatch pattern. The census tracts where Fannie Mae purchased a higher share of home mortgage loan originations are shown as darker shaded areas. Those where it purchased a lower market share are shown as lighter shaded areas.

The map reflects the strong inverse relationship between Fannie Mae’s market share and census tracts with high minority populations.

Fannie Mae’s market share is highest in most suburban areas of Dallas and Fort Worth as well as in the mid-cities area. The notable exception is its very low market share in the suburban area of southeast Dallas County, which has experienced strong minority growth.

The map uses only conventional home loans as the base of loan originations and does not include FHA or VA insured loans. We show in the full report that borrowers in the suburban areas of southeast Dallas County rely primarily on FHA insured and subprime loans. It is interesting to note that even among the relatively modest number of conventional loans in this area, Fannie Mae’s market share is extremely low (generally less than 10 percent).