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Redlining in Ann Arbor, MI

Reveal News has done a good investigation on modern redlining from data gathered from the Home Mortgage Disclosure Act. This is what they do report for the Ann Arbor area.

Reveal didn’t find clear evidence of discrimination in the ANN ARBOR, MI metro area. That doesn’t mean it doesn’t exist, but it didn’t show up through our statistical tests. There weren’t enough conventional loan applications in this metro area from Native American applicants to draw a conclusion. For Asianblack and Latino applicants, there were enough applications, but other statistical factors made it difficult to draw a conclusion.

Information for Bank of Ann Arbor:

BANK ANN ARBOR in the Ann Arbor, MI metro area

Conventional home loans, 2015 and 2016

Race/ethnicity Applications Loans made Denials Other outcome
Total 425 370 (87%) 25 (6%) 30 (7%)
White 360 315 (88%) 21 (6%) 24 (7%)
Asian 39 33 (85%) 3 (8%) 3 (8%)
Race Not Reported 10 8 (80%) 0 2 (20%)
Latino 7 6 (86%) 0 1 (14%)
Black 7 6 (86%) 1 (14%) 0
Native Hawaiian 2 2 (100%) 0 0

BANK ANN ARBOR’s share of the Ann Arbor, MI metro area

Race/ethnicity Applications Loans made Denials
Total 5% 6% 5%
White 6% 7% 6%
Asian 6% 6% 6%
Latino 4% 4% 0%
Black 3% 4% 5%
Native Hawaiian 13% 13% 0%
Source: Home Mortgage Disclosure Act data

Information for Ann Arbor State Bank

ANN ARBOR ST BK in the Ann Arbor, MI metro area

Conventional home loans, 2015 and 2016

Race/ethnicity Applications Loans made Denials Other outcome
Total 333 296 (89%) 2 (1%) 35 (11%)
White 287 255 (89%) 2 (1%) 30 (11%)
Asian 29 25 (86%) 0 4 (14%)
Latino 10 10 (100%) 0 0
Race Not Reported 5 4 (80%) 0 1 (20%)
Black 2 2 (100%) 0 0

ANN ARBOR ST BK’s share of the Ann Arbor, MI metro area

Race/ethnicity Applications Loans made Denials
Total 4% 5% < 1%
White 5% 5% 1%
Asian 4% 5% 0%
Latino 5% 7% 0%
Black 1% 1% 0%
Source: Home Mortgage Disclosure Act data

Information on the University of Michigan Credit Union

UNIVERSITY OF MI CU in the Ann Arbor, MI metro area

Conventional home loans, 2015 and 2016

Race/ethnicity Applications Loans made Denials Other outcome
Total 17 15 (88%) 0 2 (12%)
White 11 10 (91%) 0 1 (9%)
Race Not Reported 2 2 (100%) 0 0
Latino 2 2 (100%) 0 0
Black 2 1 (50%) 0 1 (50%)

UNIVERSITY OF MI CU’s share of the Ann Arbor, MI metro area

Race/ethnicity Applications Loans made Denials
Total < 1% < 1% 0%
White < 1% < 1% 0%
Latino 1% 1% 0%
Black 1% 1% 0%
Source: Home Mortgage Disclosure Act data

Information on Wells Fargo

WELLS FARGO BK NA in the Ann Arbor, MI metro area

Conventional home loans, 2015 and 2016

Race/ethnicity Applications Loans made Denials Other outcome
Total 210 143 (68%) 16 (8%) 51 (24%)
White 156 111 (71%) 11 (7%) 34 (22%)
Race Not Reported 33 18 (55%) 3 (9%) 12 (36%)
Asian 11 7 (64%) 2 (18%) 2 (18%)
Latino 5 4 (80%) 0 1 (20%)
Black 5 3 (60%) 0 2 (40%)

WELLS FARGO BK NA’s share of the Ann Arbor, MI metro area

Race/ethnicity Applications Loans made Denials
Total 3% 2% 3%
White 3% 2% 3%
Asian 2% 1% 4%
Latino 3% 3% 0%
Black 2% 2% 0%
Source: Home Mortgage Disclosure Act data

Information on Bank of America

BANK OF AMER NA in the Ann Arbor, MI metro area

Conventional home loans, 2015 and 2016

Race/ethnicity Applications Loans made Denials Other outcome
Total 445 331 (74%) 35 (8%) 79 (18%)
White 367 277 (76%) 27 (7%) 63 (17%)
Asian 37 25 (68%) 2 (5%) 10 (27%)
Race Not Reported 30 20 (67%) 5 (17%) 5 (17%)
Black 8 8 (100%) 0 0
Latino 3 1 (33%) 1 (33%) 1 (33%)

BANK OF AMER NA’s share of the Ann Arbor, MI metro area

Race/ethnicity Applications Loans made Denials
Total 6% 5% 7%
White 6% 6% 7%
Asian 5% 5% 4%
Black 4% 5% 0%
Latino 2% 1% 7%
Source: Home Mortgage Disclosure Act data

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