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Foreclosure Crisis: Disproportionate Impact On African-American and Latino Households and Neighborhoods An Analysis of Newly Released Data

A report by New York Communities for Change 2-4 Nevins Street Brooklyn, NY 11217 (347) 410-6919 info@nycommunities.org www.nycommunities.org

Issued January 2011


Executive Summary Everyone knows there is a huge foreclosure crisis. Recently the country has seen banks forced to suspend foreclosures as more and more irresponsible, sloppy and potentially illegal practices come to light. This new analysis provides a closer look at New York City and Long Island to reveal the disproportionate depth of the impact on minority communities, where modifications have been scarce and widespread foreclosures threaten African-American and Latino neighborhoods. New data from 2010 shows that there is an indisputable connection between race and the likelihood of being served with pre-foreclosure notices. In New York City, Long Island and Westchester, there are thousands of African-American and Latino families and many neighborhoods that can be helped were banks to make more mortgage modifications. These minority neighborhoods are in crisis – a crisis created by both speculative home pricing, which allowed families to refinance their properties for more and more money while stripping out any equity, and by lenders who targeted these neighborhoods with predatory loans (including adjustable-rate mortgages, option arms, interest-only loans and loans with negative amortization). From 2004 to 2007, in both New York City and Long Island, lenders were four to five times more likely to issue high-cost loans to African-Americans and Latinos than they were to whites – and this fact held true for both purchase loans and refinance loans. Often these loans were specifically marketed to African-Americans, Latinos, low- and moderateincome homebuyers and seniors. In 2007, the mortgage market started to collapse, and as a result house values started declining. This left many homeowners underwater on their mortgages – that is, with mortgage balances higher than the current value of their homes. Being underwater prevents families from refinancing their homes. Additionally, many homebuyers are losing their jobs because of the 2008 financial collapse. African-Americans and Latinos have been hardest hit by job losses: between June 2009 and November 2010, 557,000 African-Americans and 292,000 Latinos lost their jobs nationally.1 New data analyzed for this study show that African-Americans and Latinos make up 32% of homeowners in New York City, but accounted for 56% of the December 2009 to December 2010 pre-foreclosure notices issued, making them 175% more likely than the general population of homeowners to be in foreclosure. Similarly, in Long Island’s Suffolk County, African-American and Latino homeowners are more than twice as likely as whites to be in foreclosure, as they constitute only 13% of homeowners but have received 30% of the pre-foreclosure notices issued. An aggressive program of mortgage modification is the absolutely most certain vehicle to stabilize these neighborhoods. The homeownership gains of African-Americans and Latinos need to be protected in the New York metropolitan area. The stability of these neighborhoods is at stake. (The cost of foreclosures to communities is discussed in the appendix of this report.) The banks and servicers need to come forward and quickly modify mortgages for people who are in danger of losing their 1

http://online.wsj.com/article/SB10001424052748703946504575470001733933356.html#articleTabs%3Dinteractive


homes, which is not currently happening. Informal discussions with loan counseling operations in New York City show that at most 16% of households that apply for permanent modifications get them. Additionally, when banks do modify loans, they must start reducing the principal balance. As recently stated in a report by Amherst® Securities Group, LP: “We have repeatedly made the case that principal reduction is the least costly and only permanent solution for defaulted loans.”2 The third- and fourth-largest servicers of mortgages, JP Morgan Chase and CitiBank, are based right here in New York City and especially need to step forward, to lead the way, and to deal with this challenge. Overall banks and servicers need to: • Offer homeowners who are underwater on their mortgages principal reduction instead of merely requiring all of the debt to be repaid at a later date (forbearance). • Offer sustainable long-term loan modifications to homeowners with a permanent affordable interest rate. This sustainability includes lowering the interest rate, taking into account household debts and medical expenses, and it must be in place for the life of loan. • Eliminate all fees that have accumulated as a result of being behind on the mortgage once a modification is requested.

2

Amherst Mortgage Insight, October 1, 2010, Page 13.!


Introduction In the years leading up to the housing crisis, African-Americans and Latino-Americans had been making progress in achieving one of the big pieces of the American dream: owning a home. Now, in the face of predatory lending practices and declining home prices, those gains are slipping. In the country as a whole, African-Americans and Latinos are losing their homes at a faster rate than whites and are losing the ground they had gained in homeownership. This chart shows the national loses in homeownership levels by race over approximately the last three years3:

In downstate New York, there are thousands of African-American and Latino families who would benefit from mortgage modifications. These families cannot keep up with their current payments, and since they owe more than their homes are worth, they cannot simply refinance their mortgages; it is very likely that they will end up losing their homes without a mortgage modification. Banks must implement a quick and efficient plan to do the needed modifications.

African-Americans and Latinos are disproportionately facing foreclosure. New York Communities for Change has analyzed information by zip code and county that shows a higher rate of foreclosure notices being issued to African-American and Latino homeowners than to homeowners as a whole from December 2009 to December 2010. (See the appendix for the information broken out by zip code.)

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The source of the chart is the Center for Responsible Lending’s report called A National Tragedy: HMDA Data Highlight Homeownership Setbacks for African Americans and Latinos which can be found at: http://www.responsiblelending.org/mortgage-lending/research-analysis/HMDA-issue-brief-final.pdf

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In New York City, African-Americans and Latinos are 175% more likely than the general population of homeowners to have received a pre-foreclosure notice between December 2009 and December 2010. In Suffolk County, African-Americans and Latinos are 234% more likely than the general population of homeowners to have received a pre-foreclosure notice.4 Receiving a pre-foreclosure notice is an indicator of non payment. Upon receipt of such notice, many African-American and Latino homeowners have reached out to their banks for assistance in the form of a modification, and most have not gotten the modification. Mortgage modifications are necessary to: 1) restructure bad or predatory loans; 2) take into account the impact of the economic crisis on African-American and Latino incomes; and/or 3) account for the loss of value of the home (since this prohibits a straight out refinancing of the mortgage).5 Right now in New York City, African-Americans and Latinos are 165% more likely to be underwater on their mortgages than homeowners as a whole. In Suffolk, Nassau and Westchester counties, they are over 200% more likely to be underwater on their mortgages than the total population of homeowners. County/Area

NYC Total

Bronx Brooklyn Manhattan Queens Staten Island Suffolk Nassau Westchester

Percentage of AfricanAmerican and Latino Homeowners

Percentage of preforeclosure notices to African-American and Latino Homeowners (12/09 to 12/10)

Ratio of % AfricanAmerican and Latino preforeclosure notices to AfricanAmerican and Latino homeownership

Percentage of homeowners underwater on their mortgages who are African-American and Latino (December 2010)

Ratio of % AfricanAmerican and Latino homeowners underwater to AfricanAmerican and Latino homeownership

32% 39% 57% 11% 32% 14%

56% 60% 70% 28% 61% 27%

1.75 1.55 1.23 2.66 1.87 1.88

53% 55% 70% 19% 54% 29%

1.65 1.40 1.22 1.77 1.67 2.02

13% 16% 16%

30% Not available Not available

2.34 Xxx Xxx

29% 37% 33%

2.21 2.31 2.14

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Nassau county pre-foreclosure notice figures were not available from ListSource. The need for mortgage modifications will continue since New York homeprices prices were down 1.61% according to the Case-Shiller index in October 2010, the most recent period for which this data exists. 5

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For years, banks pushed predatory loans in African-American and Latino communities, which lead directly to today’s pre-foreclosures. The disproportionate share of current pre-foreclosure notices received by African-Americans and Latinos was not created in a vacuum. For years in the early and middle part of the last decade, banks and other lenders pushed predatory loans on members of the African-American and Latino communities. Data taken from the Home Mortgage Disclosure Act has shown that AfricanAmericans and Latinos in Suffolk and Nassau counties have disproportionately gotten high-cost loans for years6. As far back as 2004, in both New York City and Long Island, lenders were four to five times more likely to issue high-cost loans to African-Americans and Latinos than they were to whites – and this fact held true for both purchase loans and refinance loans. A study of 2004 data7 shows that for the New York Metropolitan area, in comparative terms, AfricanAmerican homebuyers were 5.5 times more likely to receive a high-cost purchase loan than whites. Latino homebuyers were 4.1 times more likely to receive a high-cost purchase loan than whites. For refinance loans, African-Americans were 5.6 times more likely to receive a highcost refinance loan than whites. Latino homeowners were 4.2 times more likely to receive a high-cost refinance loan than whites. The story was the same on Long Island. For purchase loans made in 2004, African-American homebuyers were 5.1 times more likely to receive a high-cost loan than whites. Latino homebuyers were 3.9 times more likely to receive a high-cost loan than whites. For that same year (2004), lenders refinanced African-Americans’ mortgages with a high-cost loan 5.1 times more often than they did with white homeowners. Latino homeowners were 4.9 times more likely to receive a high-cost loan than whites. The relationship between years of predatory lending and the current foreclosure crisis can clearly be seen by looking, as an example, at the 2010 pre-foreclosure data and the 2006 high-cost loan data8 in Queens.

Of the 20 Queens census tracts that had the highest number of high-cost loans in 2006, 17 of them (85%) are in the Queens zip codes that had the highest number of pre-foreclosure notices in 2010.

6

HMDA data includes information if a loan was high cost, that is, originated at an APR three points above comparable Treasury Rates on first liens or five points above the Treasury Rate for second liens. Loans above these thresholds were reported with the “rate spread” or difference between the APR on the loan and the comparable treasury rate. 7 The High Cost of Credit, Disparities in High-priced Refinance Loans to Minority Homeowners in 125 American Cities, September 27, 2005, produced by ACORN – Association of Community Organizations for Reform Now. 8 The high cost loan data is from the report: “Foreclosure Exposure 2: The Cost to our Cities and Neighborhoods: Report for New York City”, October 24, 2007, published by ACORN – Association of Community Organizations for Reform Now

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Queens Census Tract

Corresponding Neighborhood Zip Code

0334.02 0358.00 0656.00 0526.00 0168.00 0258,00 0182.00 0292.00 0664.00 1008.00 0578.00 0158.00 0376.00 0330.00 0106.00 0288.00 0998.00 0363.00 0010.00 0680.00

11434 11413 11422 11412 11420 11433 11420 11434 11422 11691 11428 11419 11412 11434 11419 11434 11691 11273 11421 11413

Springfield Gardens Springfield Gardens Rosedale Saint Albans South Ozone Park Jamaica South Ozone Park Springfield Gardens Rosedale Far Rockaway Queens Village South Richmond Hill Saint Albans Springfield Gardens South Richmond Hill Locust Manor Far Rockaway East Elmhurst Woodhaven Rosedale

Number of high cost loans made in 2006 196 175 162 141 134 127 126 119 116 115 112 103 103 102 97 86 84 82 81 77

Is this zip code in 2010 one of the top 10 for AfricanAmerican and Latino preforeclosure notices? YES YES YES YES YES YES YES YES YES YES No YES YES YES YES YES YES No No YES

Even in areas with similar incomes, African-American and Latinos are more likely to have received a pre-foreclosure notice. When examining comparable neighborhoods in Queens, Brooklyn, and Suffolk County, the differences between white neighborhoods and African-American and Latino neighborhoods are stark. Even in neighborhoods with similar incomes, African-Americans and Latinos are more likely to have received pre-foreclosure notices and are more likely to be underwater on their mortgages. Below are comparisons for the following pairs of neighborhoods (all figures are based on data in the listed zip codes): Queens Queens Brooklyn Suffolk Suffolk

Cambria Heights (zip 11411) and Fresh Meadows (11366) Hollis (11429) and Forest Hills (11375) Canarsie (11236) and Bay Ridge (11209) Wyandanch (11798) and Ridge (11961) Central Islip (11722) and Deer Park (11961)

For example, in Queens, both Cambria Heights and Fresh Meadows have comparable median household incomes of $79,561 and $82,940 respectively. Between 2000 and 2007 about 54% of the homeowners in Cambria Heights got new mortgages compared to 42% in Fresh Meadows – a 4


difference of only 25%. In both areas, most residents are homeowners – 85% in Cambria Heights and 72% in Fresh Meadows. But this is where the similarities end. More than 90% (92.9%) of the homeowners in Cambria Heights’s zip code are African-American and Latino – in fact 89% of the residents are African-American, many immigrants from the Caribbean. Cambria Heights is one of the most affluent African-American metropolitan neighborhoods in the U.S. In comparison only 12.3% of homeowners in Fresh Meadow are African-American and Latino. Proportionally, homeowners in Cambria Heights are almost three and a half (3.5) times more likely to have gotten pre-foreclosure notices and over two and a half times (2.5) more likely to be underwater on their mortgages. Banks have taken possession of twice as many homes in Cambria Heights as in Fresh Meadows during 2010. Given the similarities of income and years during which home purchases were made, the differences clearly show the targeted nature of predatory lending and the need for modifications. Area

Cambria Heights Fresh Meadows

Number of Homeowners

4,728 3,217

Number of AfricanAmerican and Latino Homeowners

4,394 395

Percentage of AfricanAmerica and Latino Homeowners

Percentage of Homeowners who have received a preforeclosure notice

95.9%

1.9%

12.3%

0.6%

Ratio

340%

Percentage of homeowners underwater on their mortgages

21.4%

Ratio

Number of bank owned properties in 2010

264%

6

8.1%

3

Also in Queens, the Hollis and Forest Hills neighborhoods have comparable median household incomes of $68,666 and $67,862 respectively. But almost 90% (88.9%) of the homeowners in Hollis’ zip code are African-American and Latino which is one of the oldest neighborhoods for African-American homeowners with some families owning in the area since the 1950’s. Sixtythree percent of the area is made up of homeowners. In Forest Hills, in comparison, only 7.2% of homeowners are African-American or Latino. Proportionally, homeowners in Hollis are seven (7) times more likely to have gotten pre-foreclosure notices and almost four and a half (4.5) times more likely to be underwater on their mortgages. Banks have taken possession of 13 homes in Hollis and only 1 in Forrest Hills during 2010. Since twice as many of the mortgages in Hollis (44% compared to 21%) were issued in the peak of the predatory lending crisis, 2004 to 2007, it makes sense that, having been targeted for these high-cost loans, Hollis is now suffering the consequences. Area

Hollis Forest Hills

Number of Homeowners

4,872 4,135

Number of AfricanAmerican and Latino Homeowners

4,330 512

Percentage of AfricanAmerica and Latino Homeowners

88.9% 7.2%

Percentage of Homeowners who have received a preforeclosure notice

2.9% 0.4%

Ratio

732%

Percentage of homeowners underwater on their mortgages

23.3% 5.3%

Ratio

440%

Number of bank owned properties in 2010

13 1

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In Brooklyn, both Canarsie and Bay Ridge have comparable median household incomes of $54,595 and $59,933 respectively. They also have, compared to Brooklyn as a whole, a high percentage of homeowners – 51% in Canarsie and 75% in Bay Ridge. (Brooklyn is one of the most renter-dominated counties in the country.) The similarity in income, however, does not translate into a further parallel in pre-foreclosure notices, and once again race is a major difference in the two neighborhoods. About 84% of the homeowners in Canarsie’s zip code are African-American and Latino, compared with 6.1% in Bay Ridge’s zip code. Proportionally, homeowners in Canarsie are six and a half (6.5) times more likely to have gotten preforeclosure notices and almost four (4) times more likely to be underwater on their mortgages. Twice as many mortgages in Canarsie (47% compared with 23% in Bay Ridge) were purchased in the peak of the predatory lending crisis, 2004 to 2007. As in other examples throughout the downstate area, there is a clear correlation among race, predatory loans, and preforeclosure notices. Area

Canarsie Bay Ridge

Number of Homeowners

13,435 7,475

Number of AfricanAmerican and Latino Homeowners

11,280 456

Percentage of AfricanAmerica and Latino Homeowners

84.0% 6.1%

Percentage of Homeowners who have received a preforeclosure notice

2.4% 0.4%

Ratio

666%

Percentage of homeowners underwater on their mortgages

17.9% 4.5%

Ratio

395%

Number of bank owned properties in 2010

15 7

In Suffolk County, both Wyandanch and Ridge have comparable median household incomes of $51,500 and $56,000 respectively. In Wyandanch 71% of all households are owner-occupied compared to 92% in Ridge. Differences in the pre-foreclosure notices – which once again relate to racial demographics – persist in the two communities. More than 80% (83.9%) of the homeowners in Wyandanch are African-American and Latino (with some families having owned there since the mid 1950’s) , compared with 6.4% in Ridge. Proportionally, homeowners in Wyandanch are almost three and a half (3.5) times more likely to have gotten preforeclosure notices and almost twice as likely to be underwater on their mortgages. Banks have taken possession of 58 homes in Wyandanch during 2010 compared with only 15 in Ridge, even though Ridge has more homeowners. Since almost 20% of Wyandanch houses were purchased in the peak of the predatory lending crisis, 2004 to 2007, it makes sense that having been targeted for these high-cost loans, Wyandanch is now suffering the consequences. Area

Wyandanch Ridge

Number of Homeowners

2,859 3,605

Number of AfricanAmerican and Latino Homeowners

2,398 225

Percentage of AfricanAmerica and Latino Homeowners

83.9% 6.4%

Percentage of Homeowners who have received a preforeclosure notice

5.0% 1.4%

Ratio

357%

Percentage of homeowners underwater on their mortgages

5.2% 2.9%

Ratio

179%

Number of bank owned properties in 2010

58 15

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Deer Park and Central Islip is another pair of Suffolk County communities with similar size, percentage of homeowners compared to renters and income levels, but that also have a divergence in racial demographics and foreclosure rates. Central Islip has a median household income of $70,117 compared to Deer Park’s at $78,056. In both hamlets, about 46% of the homeowners with mortgages received their loans between 2000 and 2007 – the height of the housing bubble. In Deer Park 83% of the households are owner-occupied compared to 76% in Central Islip. However, when analyzing the racial demographic and pre-foreclosure data, it is clear there are more differences than similarities. Just over 50% of the homeowners in Central Islip are African-American or Latino, compared with 20.6% in Deer Park . Proportionally, homeowners in Central Islip are almost two and a half (2.5) times more likely to have gotten pre-foreclosure notices than in Deer Park, and they are twice as likely to be underwater on their mortgages. And despite having fewer homeowners than Deer Park, Central Islip had almost three times as many houses repossessed by the lenders in 2010 (65 for Central Islip to 25 for Deer Park). Because the income and house purchase timelines of the two hamlets are so similar, it is clear that predatory lenders were targeting African-Americans and Latinos for high-cost loans, and that there is a corresponding need for mortgage modifications in those communities. Area

Central Islip Deer Park

Number of Homeowners

6,767 7,097

Number of AfricanAmerican and Latino Homeowners

3,414 1462

Percentage of AfricanAmerica and Latino Homeowners

50.5% 20.6%

Percentage of Homeowners who have received a preforeclosure notice

4.9% 2.0%

Ratio

245%

Percentage of homeowners underwater on their mortgages

5.3% 2.5%

Ratio

Number of bank owned properties in 2010

212%

65 25

Specific African-American and Latino neighborhoods have the highest numbers of pre-foreclosure notices. Areas with a large population of African-American and Latino homeowners often have the highest number of pre-foreclosure notices, showing the disproportionate impact that the foreclosure crisis is having on these formerly stable neighborhoods. (The colored areas in the maps below correspond to the 10 zip codes identified in the charts above them.)

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In the Bronx, eight of the 10 zip codes with the largest number of pre-foreclosure notices are at least 55% African-American and Latino, and six of the 10 are more than two-thirds African-American and Latino.

County Bronx Bronx Bronx Bronx Bronx Bronx Bronx Bronx Bronx Bronx

Zip Code 10469 10466 10473 10462 10465 10472 10467 10461 10460 10456

Total Owner Occupied Households

Total African American and Latino Homeowners Owner Occupied House-holds

Percent African American and Latino Owner Occupied Households

9,188 7,204 4,909 7,374 6,882 3,193 3,369 5,362 1,680 1,589

6,130 6,225 3,927 4,459 1,896 1,835 2,276 1,202 1,163 1,362

66.7% 86.4% 80.0% 60.5% 27.6% 57.5% 67.6% 22.4% 69.2% 85.7%

Total African American and Latino Total HousePreholds in Foreclosures Pre foreclosure Filed 257 230 139 138 132 114 110 91 80 78

196 202 113 85 72 62 86 32 55 70

Percent all houses in pre-foreclosure that are African American and Latino 76.3% 87.8% 81.3% 61.6% 54.5% 54.4% 78.2% 35.2% 68.8% 89.7%

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In Brooklyn, of the 10 zip codes with the highest number of pre-foreclosure notices, eight are neighborhoods in which more than 70% of the homeowners are African-American or Latino.

County

Zip Code

Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings

11208 11236 11207 11221 11234 11233 11212 11216 11210 11213

Total Owner Occupied Households

Total African American and Latino Homeowners Owner Occupied House-holds

8,045 13,435 7,831 6,018 17,676 5,394 4,375 4,026 7,277 3,718

5,633 11,280 6,828 5,224 6,274 4,798 3,991 3,442 3,632 2,756

Percent African American and Latino Owner Occupied Households 70.0% 84.0% 87.2% 86.8% 35.5% 89.0% 91.2% 85.5% 49.9% 74.1%

Total PreForeclosures Filed

Total African America n and Latino Households in Pre foreclosure

Percent all houses in preforeclosure that are African American and Latino

330 323 288 279 236 219 149 115 114 102

226 285 236 239 124 187 133 98 80 82

68.5% 88.2% 81.9% 85.7% 52.5% 85.4% 89.3% 85.2% 70.2% 80.4%

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Of the 10 zip codes in Queens with the highest number of pre-foreclosure notices, in eight of the zip codes more than 50% of homeowners are African-American and Latino, and in six of the 10 areas are more than 80% African-American and Latino.

County Queens Queens Queens Queens Queens Queens Queens

Zip Code 11434 11413 11420 11412 11419 11433 11368

Total Owner Occupied Households 8,302 8,221 7,930 7,266 6,339 4,482 6,143

Queens Queens Queens

11422 11691 11429

5,684 4,482 4,872

Total African American and Latino Homeowners Owner Occupied House-holds 7,455 7,567 3,815 6,646 1,473 3,849 3,352

Percent African American and Latino Owner Occupied Households 89.8% 92.0% 48.1% 91.5% 23.2% 85.9% 54.6%

Total PreForeclosures Filed 284 221 210 205 160 157 156

Total African American and Latino Households in Pre foreclosure 241 192 105 183 51 133 117

4,879 2,805 4,330

85.8% 62.6% 88.9%

153 152 140

134 123 124

Percent all houses in preforeclosure that are African American and Latino 84.9% 86.9% 50.0% 89.3% 31.9% 84.7% 75.0% 87.6% 80.9% 88.6%

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African-Americans and Latinos are often unable to get mortgage modifications or mortgage refinance loans. Although the data clearly show that African-Americans and Latinos have had endured the worst effects of the foreclosure crisis in the New York metropolitan area, they are not able to get mortgage modifications or to get refinance loans at the same rates as whites. Due to a variety of factors, including the drop in property values, African-Americans and Latinos are getting very few mortgage refinancing loans in New York City. A recently released paper by the Furman Center examined the new mortgages and mortgage refinance loans reported by all lenders through the Home Mortgage Act Data (HMDA) for 2009. Their examination shows that while Whites and Asians had large increases in mortgage refinance loans, African-Americans and Latinos did not. In particular the report states: “…while approximately 19 percent of all New York homeowners are black, these homeowners obtained only about 13 percent of the mortgage refinancings originated in 2009. … “The disparities in refinancing trends in 2009 would likely have been even greater without the availability of FHA/VA-backed refinancing loans. …39 percent of all refinancing loans issued to black homeowners in New York City in 2009 were FHA/VAbacked, compared to only five percent for white homeowners and three percent for Asian homeowners.”9 When families then ask for loan modifications, there are lots of problems as they seek to get them. The papers are full of these stories, and informal discussions with loan counseling operations in New York City show that, at most, 16% of households who apply for permanent modifications get them, often leaving those families worse off due to accumulated late fees and interest charges. Families who have tried to modify their mortgages report disconnected calls, lost paperwork, and misleading information given to them by the servicers, among other problems. The following two stories involve homeowners trying to get modifications and illustrate the resistance that families face from banks. In November 2006, Ms. Antoine and her husband bought their first house, a one-family, and moved with their teenage son from their apartment in Flatbush to Hollis, Queens. The problems with the bank started before the closing documents were even signed: Ms. Antoine received an option ARM (Adjustable Rate Mortgage), which she had not been properly informed about and in fact did not know about until after closing on her home. Not only was the interest rate set at 7 percent, but it was scheduled to increase in 2010. For the first couple years, they had no problems making their payments of $2,196 a month. But after the financial crash of 2008, Ms. Antoine’s hours as a social worker in the city were reduced, and her husband, who works as a taxi driver, had a schedule that became more irregular, as more and more people cut costs by taking public 9

www.furmancenter.org, Mortgage Lending During the Great Recession 2009, page 8.

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transportation. Their son, who had started attending John Jay College, got a part-time job, but that was hardly enough to make up the difference. As a result, the family fell behind on their mortgage. After receiving a foreclosure notice, the family submitted a proposal for a hardship modification in August 2009, which would lower their monthly payments to an affordable $1,654 a month. More than a year ago, on December 16, 2009, Chase gave them a HAMP trial modification. It was supposed to last for three months. But Chase, as it has done to so many other homeowners, stopped communicating at the end of the trial period. Since the family had not heard about a permanent modification at the end of three-month trial, they tried to contact the bank; they got no response. Chase has since requested updated documents every month. The family has also had to go to court every month starting in March 2010 to show that they have been sending the paperwork to Chase. Chase consistently claims not to have received any of the documents submitted, and so the family keeps resubmitting documents. No permanent modification has been offered, despite the fact that the family has met all its obligations under the trial modification. The family keeps receiving modification applications at their home even though this paperwork has already been submitted. In October 2010, Ms. Antoine called Chase, and a Chase representative told that her that the family’s documents were outdated (which they were not), and so the family resubmitted the documents yet again. Ms. Antoine is still making mortgage payments based on her trial modification and is hoping for a permanent modification so that she will have security in her home and can stop going to court every month. It has been almost a year and a half since the initial application. Mr. and Mrs. Hickson were first-time homebuyers in 1999 when they moved to Coram in Suffolk County from their apartment in Jamaica. Their loan with Countrywide had a relatively high interest rate – 7.5 percent – but the principal was only $195,000. However, when the Hicksons fell behind after their son was born 25 weeks premature and Mrs. Hickson couldn’t travel to her job as a social worker for New York City, the bank refused to take their partial payments, and instead pushed them into refinancing. The representative from Countrywide promised them that it was not a big deal, that it would fix their problems, and that it was the only option. This process repeated itself a couple years later, when a mortgage representative from Countrywide came to their house in the middle of a reception for Mr. Hickson’s sister’s wedding. After twice being convinced to refinance, the principal on their loan with Countrywide had risen to $376,135. In 2007, their oldest son got into a serious car accident a couple weeks after his 17th birthday; he is now in a vegetative state. Soon after, Mr. Hickson, a truck driver, got laid off from his position at Florence Building Supplies. At that point, the family had fallen behind on the mortgage. They often attempted to give Countrywide, and later Bank of America, payments to pay down their arrears, but, every time, the lender would refuse. Being desperate, they spent thousands of dollars at for-profit modification companies that did nothing to help them. In May 2009, they submitted a loan modification request through MHANY Management. For seven months, the bank did nothing. In December, the Hicksons were told that the proposal was with a negotiator and they should have an answer shortly. One month later, the bank requested updated documentation. When Mrs. Hickson submitted what had been asked for – one week after the request was placed – they learned that their house was up for sale in less than a month. Since then, MHANY 12


has been able to postpone the sale of the house four times. Three times, the bank asked for new or updated documents. The Hicksons are living in a constant state of limbo, and don’t know from month to month whether they will be able to stay in their home. As these stories illustrate, the modification process is not working at Chase and Bank of America, which are the fourth- and first-largest mortgage servicers, respectively. There are plenty of stories like these in New York City and Long Island for families who are trying to work with other servicers as well. Families are not able to understand or work with the process, whether they started the process a year ago or three months ago.

Recommendations The homeownership gains of African-Americans and Latinos need to be protected in the city of New York as well as in Nassau, Suffolk and Westchester counties. The stability of these neighborhoods must be preserved. Banks and servicers must modify mortgages immediately. The modifications must be based on principal reduction. The third- and fourth-largest servicers of mortgages, JP Morgan Chase and CitiBank, are located right here in New York City and need to especially step forward to deal with this challenge. Banks and servicers must: 1) Provide principal reduction for homeowners who are underwater for as much of the principal as possible without triggering a negative net present value. 2) Offer sustainable long-term loan modifications to homeowners with a permanent affordable interest rate. The modification must be sustainable and include lowering the interest rate, taking into account household debts and medical expenses, with the lowered interest rate in place for the life of loan. 3) Evaluate the modification requests based on the arrearages as of the first date the modification was asked for. 4) Waive all late fees when a loan modification is provided, so that all available funds can be applied to the principal and interest of the loan. 5)

Promptly respond to, evaluate, and decide on modification requests within 30 days.

6) Provide a specific explanation of any rejection of a modification request so that the family may be able to meet the requirements in some way or at least discuss the problems. This explanation must include the actual calculations used by the servicer or bank including a comparison between the amounts of money that would be received by investors if a foreclosure were to occur as compared to the amount investors would receive under the proposed modification. Also included must be the specifics of which institution and which person in the institution decided that a modification proposal was to be denied. When a servicer believes a PSA prevents an NPV-negative modification, the servicer shall contact the trustee and any other parties authorized under the terms of the PSA to grant a waiver, whether individual investors, 13


credit rating agencies, bond insurers, or otherwise, in order to obtain permission to perform a HAMP modification. The servicer shall provide the borrower or the borrower’s representative a copy of the limiting language in the PSA, a copy of all correspondence with the lender and investors attempting to obtain authority to perform a modification, and electronic access to a complete and unaltered copy of the PSA. 7) Have a single person as the point person for the modification discussion and follow up. 8) Not start foreclosure procedures while a modification request is pending and, in cases where foreclosure proceedings have been initiated, halt foreclosure activity while a modification request is pending. 9) Allow homeowners to apply for modifications before they become delinquent. 10) Send a mortgage modification package and a list of HUD Approved Housing agencies providing foreclosure counseling to homeowners at the point that the mortgage is reported to the New York State Banking Commission under the 90-day pre-foreclosure notice law.

14


Appendix The cost of foreclosures on African-American and Latino communities. Once people fall behind on their mortgages, families then start to default and lose their homes to foreclosures. Foreclosures lead to a number of problems: 1. additional foreclosures 2. crime 3. the unnecessary expenditure of city funds to fight neighborhood blight, and 4. depressed home prices. Foreclosures in a community lead to additional foreclosures and defaults in that area. A 2010 report by the Furman Center, which examined data from New York City, shows that “default rates increase with the rate of foreclosure notices and the number of lender-owned properties (REOs) in the tract.”10 Once a homeowner is facing foreclosure, a fair number of them abandon their homes leaving them vacant. Often when the bank does foreclose on a property they evict the occupants and leave it vacant. Therefore the increase in foreclosures leads to increased crime. In a publication of the US Department of Justice, data analyzed by the Charlotte-Mecklenburg Police Department showed that: “Foreclosures lead to higher crime rates. The CMPD analyzed rates of violent crime, property crime, and 911 service calls in all neighborhoods in the study from 2003 to 2006. It found the following: ! • "#$%&'(!)*#+&!*$,&!)$',#,(&'(%-!./*#'0!(1&!23-&4*!5&*#$.!#'!(1&!1#013 6$*&)%$,/*&!'&#017$*1$$.,8!7/(!*&+4#'&.!,#0'#6#)4'(%-!%$9&*!#'!(1&!%$9! 6$*&)%$,/*&!'&#017$*1$$.,8!&:)&5(!#'!;<<=>! • ?*$5&*(-!)*#+&!4'.!*&%4(&.!,&*@#)&!)4%%,!,5#A&.!#'!;<<=8!6&%%!,14*5%-!#'!;<<28! 4'.!*$,&!,%#01(%-!#'!;<<B8!6$%%$9#'0!4!54((&*'!,#+#%4*!($!@#$%&'(!)*#+&!*4(&,!#'! %$936$*&)%$,/*&!'&#017$*1$$.,>!C1#,!,&&+,!($!)$**&,5$'.!($!4!D/#)A! #')*&4,&!#'!1$/,#'0!/'#(,!(14(!-&4*>!E!'/+7&*!$6!(1&,&!'&#017$*1$$.,!9&*&! 7/#%(!#'!;<<=8!4'.!+4'-!1$+&,!&:5&*#&')&.!455%#4')&!4'.!7/#%.#'0!+4(&*#4%! (1&6(,>!!Some of the differences in the crime statistics!observed may be due to when the houses were built. The high-foreclosure neighborhoods were built predominantly between 1999 and 2003 and the low-foreclosure neighborhoods from 2003 to 2006; therefore, the low-foreclosure group might simply be at an earlier stage of the foreclosure process, and may have not yet experienced the subsequent impact on crime and disorder.”11 Another study, by Professor Dan Immergluck of Georgia Tech and Woodstock researcher Geoff Smith, shows that an increase in the foreclosure rate to about 2.8 foreclosures for every 100 owner-occupied properties in one year corresponds to an increase in neighborhood violent crime 10

“The Role of Neighborhood Characteristics in Mortgage Default Risk: Evidence from New York City”, Page 3 , found at http://furmancenter.org/files/publications/working_paper.pdf

11

http://www.ojp.usdoj.gov/BJA/topics/GPSNewsletter.pdf, page 3 15


of approximately 6.7%12. Communities can ill afford yet another factor that precipitates higher crime rates. Increased foreclosures and vacant houses also lead to higher costs for cities. Except where the house in question never becomes vacant, it has been estimated that each foreclosure costs a city between $400 and $34,00013 – since the city has to use scare resources to take care of the problems caused by having a vacant structure. These costs include the police department to deal with crime, the code enforcement department to deal with an unsecured building and unkempt property, the city’s legal department and others. In the worst case, the building might catch on fire endangering the rest of the neighborhood. Properties that have been foreclosed upon have been shown to decrease the value of other homes in the neighborhood. A study of Chicago data that looks at foreclosure and single-family home sales in 1997 and 199814 calculated that the foreclosure of one single-family home depresses the property values of each home within one-eighth of a mile (or one city block) by an average of 0.9%; a single foreclosure causes home values to decrease even more in low- to moderateincome communities (1.4%). If the average house value is $400,000, then each foreclosure in the area costs each of the other homeowners $3,600. If a neighborhood has 10 foreclosures, which is all too common, then each remaining homeowners has lost $36,000 in value. !

12

Dan Immergluck and Geoff Smith, “The Impact of Single-Family Mortgage Foreclosures on Neighborhood Crime,” Housing Studies, Vol. 212, No. 6, November 2006. 13 “The Municipal Cost of Foreclosures: A Chicago Case Study “,Apgar, William, Duda, Mark 14 Dan Immergluck and Geoff Smith, “The External Costs of Foreclosure: The Impact of Single-Family Mortgage Foreclosures on Property Values,” Housing Policy Debate, Vol. 17, Issue 1.

16


Charts


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

8!County! Region TOTALS

1,285,239

318,266

24.8%

6!County! Region! TOTALS

1,127,131

282,397

25.1%

18,212

1.6%

8,452

46.4%

1.9

757,376 69,675 807 576 1,014 702 845 1,589 1,443 1,271 1,704 1,680 5,362 7,374 3,637 1,068 6,882 7,204

233,846 39,760 637 480 882 483 636 1,362 1,098 696 1,387 1,163 1,202 4,459 952 111 1,896 6,225

30.9% 57.1% 78.9% 83.3% 87.0% 68.8% 75.3% 85.7% 76.1% 54.8% 81.4% 69.2% 22.4% 60.5% 26.2% 10.4% 27.6% 86.4%

11,111 1,771 8 21 32 23 33 78 56 43 55 80 91 138 29 10 132 230

1.5% 2.5% 1.0% 3.6% 3.2% 3.3% 3.9% 4.9% 3.9% 3.4% 3.2% 4.8% 1.7% 1.9% 0.8% 0.9% 1.9% 3.2%

6,274 1,243 7 18 30 15 24 70 38 21 46 55 32 85 14 2 72 202

56.5% 70.2% 87.5% 85.7% 93.8% 65.2% 72.7% 89.7% 67.9% 48.8% 83.6% 68.8% 35.2% 61.6% 48.3% 20.0% 54.5% 87.8%

1.8 1.2 1.1 1.0 1.1 0.9 1.0 1.0 0.9 0.9 1.0 1.0 1.6 1.0 1.8 1.9 2.0 1.0

New!York! City TOTALS Bronx TOTALS Bronx 10451 Bronx 10452 Bronx 10453 Bronx 10454 Bronx 10455 Bronx 10456 Bronx 10457 Bronx 10458 Bronx 10459 Bronx 10460 Bronx 10461 Bronx 10462 Bronx 10463 Bronx 10464 Bronx 10465 Bronx 10466

Total! House" holds! Under! Water

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

145,181

11.3%

67,601

46.6%

1.9

92,199 12,213 179 103 212 131 159 367 353 293 332 405 728 1,026 205 76 991 1,761

12.2% 17.5% 22.2% 17.9% 20.9% 18.7% 18.8% 23.1% 24.5% 23.1% 19.5% 24.1% 13.6% 13.9% 5.6% 7.1% 14.4% 24.4%

48,662 8,532 154 83 192 87 105 317 282 179 268 283 306 655 81 10 436 1556

52.8% 69.9% 86.0% 80.6% 90.6% 66.4% 66.0% 86.4% 79.9% 61.1% 80.7% 69.9% 42.0% 63.8% 39.5% 13.2% 44.0% 88.4%

1.7 1.2 1.1 1.0 1.0 1.0 0.9 1.0 1.0 1.1 1.0 1.0 1.9 1.1 1.5 1.3 1.6 1.0


County Bronx Bronx Bronx Bronx Bronx Bronx Bronx Bronx Bronx

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 10467 10468 10469 10470 10471 10472 10473 10474 10475

3,369 962 9,188 1,733 2,418 3,193 4,909 345 400

2,276 491 6,130 661 300 1,835 3,927 235 236

67.6% 51.0% 66.7% 38.1% 12.4% 57.5% 80.0% 68.1% 59.0%

110 17 257 33 12 114 139 16 14

3.3% 1.8% 2.8% 1.9% 0.5% 3.6% 2.8% 4.6% 3.5%

86 9 196 21 5 62 113 10 10

78.2% 52.9% 76.3% 63.6% 41.7% 54.4% 81.3% 62.5% 71.4%

1.2 1.0 1.1 1.7 3.4 0.9 1.0 0.9 1.2

Total! House" holds! Under! Water 824 135 1,761 262 88 659 993 100 70

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 24.5% 14.0% 19.2% 15.1% 3.6% 20.6% 20.2% 29.0% 17.5%

631 77 1350 147 10 383 813 76 51

76.6% 57.0% 76.7% 56.1% 11.4% 58.1% 81.9% 76.0% 72.9%

1.1 1.1 1.1 1.5 0.9 1.0 1.0 1.1 1.2


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

Kings

TOTALS

Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings

11201 11204 11205 11206 11207 11208 11209 11210 11211 11212 11213 11214 11215 11216 11217 11218 11219 11220 11221 11222 11223 11224

231,448 6,371 17,625 3,125 3,381 7,831 8,045 7,475 7,277 7,126 4,375 3,718 8,581 8,303 4,026 3,552 6,451 6,864 6,636 6,018 3,530 8,226 3,052

78,671 601 287 1,377 1,381 6,828 5,633 456 3,632 920 3,991 2,756 371 1,252 3,442 1,042 990 228 1,642 5,224 296 350 578

34.0% 9.4% 1.6% 44.1% 40.8% 87.2% 70.0% 6.1% 49.9% 12.9% 91.2% 74.1% 4.3% 15.1% 85.5% 29.3% 15.3% 3.3% 24.7% 86.8% 8.4% 4.3% 18.9%

3,403 8 60 48 76 288 330 27 114 55 149 102 31 30 115 20 86 92 27 279 38 67 30

1.5% 0.1% 0.3% 1.5% 2.2% 3.7% 4.1% 0.4% 1.6% 0.8% 3.4% 2.7% 0.4% 0.4% 2.9% 0.6% 1.3% 1.3% 0.4% 4.6% 1.1% 0.8% 1.0%

2054 2 2 24 36 236 226 1 80 7 133 82 4 10 98 12 11 0 15 239 0 8 11

60.4% 25.0% 3.3% 50.0% 47.4% 81.9% 68.5% 3.7% 70.2% 12.7% 89.3% 80.4% 12.9% 33.3% 85.2% 60.0% 12.8% 0.0% 55.6% 85.7% 0.0% 11.9% 36.7%

1.8 2.7 2.0 1.1 1.2 0.9 1.0 0.6 1.4 1.0 1.0 1.1 3.0 2.2 1.0 2.0 0.8 2.2 1.0 2.8 1.9

Total! House" holds! Under! Water 25,984 522 482 439 614 2,063 2,127 338 791 755 910 610 503 567 737 216 487 439 393 1,546 305 456 214

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 11.2% 8.2% 2.7% 14.0% 18.2% 26.3% 26.4% 4.5% 10.9% 10.6% 20.8% 16.4% 5.9% 6.8% 18.3% 6.1% 7.5% 6.4% 5.9% 25.7% 8.6% 5.5% 7.0%

14174 56 24 204 251 1791 1594 32 456 85 828 460 47 68 650 58 80 18 135 1335 31 30 57

54.5% 10.7% 5.0% 46.5% 40.9% 86.8% 74.9% 9.5% 57.6% 11.3% 91.0% 75.4% 9.3% 12.0% 88.2% 26.9% 16.4% 4.1% 34.4% 86.4% 10.2% 6.6% 26.6%

1.6 1.1 3.1 1.1 1.0 1.0 1.1 1.6 1.2 0.9 1.0 1.0 2.2 0.8 1.0 0.9 1.1 1.2 1.4 1.0 1.2 1.5 1.4


County Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11225 11226 11228 11229 11230 11231 11232 11233 11234 11235 11236 11237 11238 11239 11243

3,040 3,837 6,842 10,881 6,923 3,644 1,863 5,394 17,676 9,586 13,435 2,164 4,181 274 120

2,317 3,058 394 493 365 474 816 4,798 6,274 821 11,280 1,140 2,869 235 60

76.2% 79.7% 5.8% 4.5% 5.3% 13.0% 43.8% 89.0% 35.5% 8.6% 84.0% 52.7% 68.6% 85.8% 50.0%

61 86 24 96 67 19 16 219 236 90 323 32 62 0 0

2.0% 2.2% 0.4% 0.9% 1.0% 0.5% 0.9% 4.1% 1.3% 0.9% 2.4% 1.5% 1.5% 0.0% 0.0%

53 68 1 4 3 5 12 187 124 9 285 21 45 0 0

86.9% 79.1% 4.2% 4.2% 4.5% 26.3% 75.0% 85.4% 52.5% 10.0% 88.2% 65.6% 72.6% N/A N/A

1.1 1.0 0.7 0.9 0.8 2.0 1.7 1.0 1.5 1.2 1.1 1.2 1.1

Total! House" holds! Under! Water 285 544 401 847 483 248 157 1,259 2,433 688 2,399 282 375 60 9

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 9.4% 14.2% 5.9% 7.8% 7.0% 6.8% 8.4% 23.3% 13.8% 7.2% 17.9% 13.0% 9.0% 21.9% 7.5%

199 462 36 48 33 29 72 1101 1119 89 2182 163 291 56 4

69.8% 84.9% 9.0% 5.7% 6.8% 11.7% 45.9% 87.5% 46.0% 12.9% 91.0% 57.8% 77.6% 93.3% 44.4%

0.9 1.1 1.6 1.3 1.3 0.9 1.0 1.0 1.3 1.5 1.1 1.1 1.1 1.1 0.9


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

New!York TOTALS New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York

10001 10002 10003 10004 10005 10006 10007 10009 10010 10011 10012 10013 10014 10016 10017 10018 10019 10021 10022 10023 10024

64,925 744 1,240 2,672 370 711 159 385 694 1,447 3,603 961 1,836 2,607 3,892 1,567 158 2,539 3,057 3,075 5,009 3,283

6,936 68 80 124 38 39 10 11 43 53 261 22 50 114 217 109 11 163 118 176 222 144

10.7% 9.1% 6.5% 4.6% 10.3% 5.5% 6.3% 2.9% 6.2% 3.7% 7.2% 2.3% 2.7% 4.4% 5.6% 7.0% 7.0% 6.4% 3.9% 5.7% 4.4% 4.4%

190 0 3 2 5 7 2 1 2 17 5 0 3 4 20 0 0 7 7 4 5 5

0.3% 0.0% 0.2% 0.1% 1.4% 1.0% 1.3% 0.3% 0.3% 1.2% 0.1% 0.0% 0.2% 0.2% 0.5% 0.0% 0.0% 0.3% 0.2% 0.1% 0.1% 0.2%

54 0 0 0 0 2 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 2

28.4% N/A 0.0% 0.0% 0.0% 28.6% 0.0% 0.0% 0.0% 0.0% 20.0% N/A 0.0% 25.0% 0.0% N/A N/A 0.0% 0.0% 25.0% 20.0% 40.0%

2.7

5.2

2.8

5.7

4.4 4.5 9.1

Total! House" holds! Under! Water 2,037 26 25 27 26 54 21 18 25 48 79 19 58 67 120 37 3 82 70 42 90 72

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 3.1% 3.5% 2.0% 1.0% 7.0% 7.6% 13.2% 4.7% 3.6% 3.3% 2.2% 2.0% 3.2% 2.6% 3.1% 2.4% 1.9% 3.2% 2.3% 1.4% 1.8% 2.2%

385 2 2 0 3 3 2 0 1 0 13 1 2 3 5 4 0 8 1 1 8 4

18.9% 7.7% 8.0% 0.0% 11.5% 5.6% 9.5% 0.0% 4.0% 0.0% 16.5% 5.3% 3.4% 4.5% 4.2% 10.8% 0.0% 9.8% 1.4% 2.4% 8.9% 5.6%

1.8 0.8 1.2 0.0 1.1 1.0 1.5 0.0 0.6 0.0 2.3 2.3 1.3 1.0 0.7 1.6 1.5 0.4 0.4 2.0 1.3


County New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York New!York

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 10025 10026 10027 10028 10029 10030 10031 10032 10033 10034 10035 10036 10037 10038 10039 10040 10044 10065 10069 10075 10128 10172 10280

3,830 1,396 1,020 2,367 487 568 730 483 598 323 674 1,035 128 573 491 455 225 2,121 572 2,146 3,841 52 801

271 870 616 110 160 394 505 313 105 60 430 60 88 31 309 74 26 124 21 73 180 0 43

7.1% 62.3% 60.4% 4.6% 32.9% 69.4% 69.2% 64.8% 17.6% 18.6% 63.8% 5.8% 68.8% 5.4% 62.9% 16.3% 11.6% 5.8% 3.7% 3.4% 4.7% 0.0% 5.4%

11 9 12 3 5 11 5 0 1 0 4 6 4 0 0 0 0 3 4 0 7 0 6

0.3% 0.6% 1.2% 0.1% 1.0% 1.9% 0.7% 0.0% 0.2% 0.0% 0.6% 0.6% 3.1% 0.0% 0.0% 0.0% 0.0% 0.1% 0.7% 0.0% 0.2% 0.0% 0.7%

0 7 12 0 3 9 5 0 0 2 3 0 3 0 0 0 0 1 0 0 0 0 1

0.0% 77.8% 100.0% 0.0% 60.0% 81.8% 100.0% N/A 0.0% N/A 75.0% 0.0% 75.0% N/A N/A N/A N/A 33.3% 0.0% N/A 0.0% N/A 16.7%

1.2 1.7 1.8 1.2 1.4

1.2 1.1

5.7

3.1

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 118 117 77 52 17 64 64 16 9 8 43 45 13 30 0 7 18 42 24 63 138 0 63

3.1% 8.4% 7.5% 2.2% 3.5% 11.3% 8.8% 3.3% 1.5% 2.5% 6.4% 4.3% 10.2% 5.2% 0.0% 1.5% 8.0% 2.0% 4.2% 2.9% 3.6% 0.0% 7.9%

9 7.6% 79 67.5% 50 64.9% 1 1.9% 5 29.4% 55 85.9% 50 78.1% 13 81.3% 4 44.4% 2 25.0% 25 58.1% 1 2.2% 9 69.2% 2 6.7% 0 N/A 1 14.3% 2 11.1% 1 2.4% 3 12.5% 1 1.6% 5 3.6% 0 N/A 4 6.3%

1.1 1.1 1.1 0.4 0.9 1.2 1.1 1.3 2.5 1.3 0.9 0.4 1.0 1.2 0.9 1.0 0.4 3.4 0.5 0.8 1.2


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

Queens

TOTALS

Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens

11001 11004 11005 11040 11101 11102 11103 11104 11105 11106 11109 11354 11355 11356 11357 11358 11360 11361 11362 11363 11364 11365

288,910 6,419 2,278 293 11,218 2,463 2,412 2,652 1,426 4,074 1,925 220 5,450 7,556 3,744 8,176 7,020 3,618 5,134 3,459 1,616 6,022 6,019

93,751 825 187 10 939 347 378 274 198 397 323 8 274 391 708 681 615 233 598 200 108 373 488

32.4% 12.9% 8.2% 3.4% 8.4% 14.1% 15.7% 10.3% 13.9% 9.7% 16.8% 3.6% 5.0% 5.2% 18.9% 8.3% 8.8% 6.4% 11.6% 5.8% 6.7% 6.2% 8.1%

4,070 14 14 0 17 13 16 11 9 18 14 0 34 31 59 27 50 9 32 15 7 25 41

1.4% 0.2% 0.6% 0.0% 0.2% 0.5% 0.7% 0.4% 0.6% 0.4% 0.7% 0.0% 0.6% 0.4% 1.6% 0.3% 0.7% 0.2% 0.6% 0.4% 0.4% 0.4% 0.7%

2469 6 0 0 5 2 4 3 2 3 4 0 3 7 36 4 8 1 7 1 0 2 10

60.7% 42.9% 0.0% N/A 29.4% 15.4% 25.0% 27.3% 22.2% 16.7% 28.6% N/A 8.8% 22.6% 61.0% 14.8% 16.0% 11.1% 21.9% 6.7% 0.0% 8.0% 24.4%

1.9 3.3

3.5 1.1 1.6 2.6 1.6 1.7 1.7 1.8 4.4 3.2 1.8 1.8 1.7 1.9 1.2 1.3 3.0

Total! House" holds! Under! Water 41,431 582 227 0 719 306 193 140 96 198 128 0 380 368 523 453 492 228 406 243 89 333 553

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 14.3% 9.1% 10.0% 0.0% 6.4% 12.4% 8.0% 5.3% 6.7% 4.9% 6.6% 0.0% 7.0% 4.9% 14.0% 5.5% 7.0% 6.3% 7.9% 7.0% 5.5% 5.5% 9.2%

22513 147 23 0 136 51 44 27 12 31 43 0 37 31 195 68 82 25 74 18 8 28 76

54.3% 25.3% 10.1% N/A 18.9% 16.7% 22.8% 19.3% 12.5% 15.7% 33.6% N/A 9.7% 8.4% 37.3% 15.0% 16.7% 11.0% 18.2% 7.4% 9.0% 8.4% 13.7%

1.7 2.0 1.2 2.3 1.2 1.5 1.9 0.9 1.6 2.0 1.9 1.6 2.0 1.8 1.9 1.7 1.6 1.3 1.3 1.4 1.7


County Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11366 11367 11368 11369 11370 11372 11373 11374 11375 11377 11378 11379 11385 11411 11412 11413 11414 11415 11416 11417 11418 11419 11420 11421

3,217 4,879 6,143 4,309 4,130 2,742 6,820 4,122 7,135 6,095 5,882 7,469 10,403 4,728 7,266 8,221 5,313 1,242 2,950 4,901 4,250 6,339 7,930 5,261

395 368 3,352 3,321 1,187 992 1,295 363 512 1,340 863 667 2,737 4,394 6,646 7,567 598 177 1,010 1,336 1,356 1,473 3,815 2,427

12.3% 7.5% 54.6% 77.1% 28.7% 36.2% 19.0% 8.8% 7.2% 22.0% 14.7% 8.9% 26.3% 92.9% 91.5% 92.0% 11.3% 14.3% 34.2% 27.3% 31.9% 23.2% 48.1% 46.1%

18 32 156 123 38 27 49 30 28 58 51 36 106 90 205 221 45 14 83 89 113 160 210 123

0.6% 0.7% 2.5% 2.9% 0.9% 1.0% 0.7% 0.7% 0.4% 1.0% 0.9% 0.5% 1.0% 1.9% 2.8% 2.7% 0.8% 1.1% 2.8% 1.8% 2.7% 2.5% 2.6% 2.3%

3 2 117 105 17 17 25 6 8 22 26 11 57 82 183 192 14 0 35 36 51 51 105 83

16.7% 6.3% 75.0% 85.4% 44.7% 63.0% 51.0% 20.0% 28.6% 37.9% 51.0% 30.6% 53.8% 91.1% 89.3% 86.9% 31.1% 0.0% 42.2% 40.4% 45.1% 31.9% 50.0% 67.5%

1.4 0.8 1.4 1.1 1.6 1.7 2.7 2.3 4.0 1.7 3.5 3.4 2.0 1.0 1.0 0.9 2.8 1.2 1.5 1.4 1.4 1.0 1.5

Total! House" holds! Under! Water 261 362 1,105 948 446 222 422 246 377 581 717 616 1,215 1,014 1,885 1,990 564 122 547 883 1,626 1,308 1,827 1,257

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 8.1% 7.4% 18.0% 22.0% 10.8% 8.1% 6.2% 6.0% 5.3% 9.5% 12.2% 8.2% 11.7% 21.4% 25.9% 24.2% 10.6% 9.8% 18.5% 18.0% 38.3% 20.6% 23.0% 23.9%

53 48 734 803 188 109 150 41 42 202 256 134 570 933 1706 1845 127 24 265 385 351 349 1008 834

20.3% 13.3% 66.4% 84.7% 42.2% 49.1% 35.5% 16.7% 11.1% 34.8% 35.7% 21.8% 46.9% 92.0% 90.5% 92.7% 22.5% 19.7% 48.4% 43.6% 21.6% 26.7% 55.2% 66.3%

1.7 1.8 1.2 1.1 1.5 1.4 1.9 1.9 1.6 1.6 2.4 2.4 1.8 1.0 1.0 1.0 2.0 1.4 1.4 1.6 0.7 1.1 1.1 1.4


County Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens Queens

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11422 11423 11426 11427 11428 11429 11432 11433 11434 11435 11436 11691 11692 11693 11694 11697

5,684 4,423 3,911 3,762 3,733 4,872 5,331 4,482 8,302 4,590 3,580 4,482 1,566 1,672 3,486 93

4,879 2,113 574 1,008 1,719 4,330 1,031 3,849 7,455 2,337 3,024 2,805 1,155 498 226 2

85.8% 47.8% 14.7% 26.8% 46.0% 88.9% 19.3% 85.9% 89.8% 50.9% 84.5% 62.6% 73.8% 29.8% 6.5% 2.2%

153 85 30 36 74 140 69 157 284 103 120 152 58 33 15 0

2.7% 1.9% 0.8% 1.0% 2.0% 2.9% 1.3% 3.5% 3.4% 2.2% 3.4% 3.4% 3.7% 2.0% 0.4% 0.0%

134 46 8 14 43 124 15 133 241 64 100 123 46 19 3 0

87.6% 54.1% 26.7% 38.9% 58.1% 88.6% 21.7% 84.7% 84.9% 62.1% 83.3% 80.9% 79.3% 57.6% 20.0% N/A

1.0 1.1 1.8 1.5 1.3 1.0 1.1 1.0 0.9 1.2 1.0 1.3 1.1 1.9 3.1

Total! House" holds! Under! Water 1,314 756 443 427 691 1,133 681 1,497 2,569 950 1,238 1,272 557 344 361 0

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 23.1% 17.1% 11.3% 11.4% 18.5% 23.3% 12.8% 33.4% 30.9% 20.7% 34.6% 28.4% 35.6% 20.6% 10.4% 0.0%

1180 457 113 152 337 1003 162 1291 2273 613 1011 967 452 143 46 0

89.8% 60.4% 25.5% 35.6% 48.8% 88.5% 23.8% 86.2% 88.5% 64.5% 81.7% 76.0% 81.1% 41.6% 12.7% N/A

1.0 1.3 1.7 1.3 1.1 1.0 1.2 1.0 1.0 1.3 1.0 1.2 1.1 1.4 2.0


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

Richmond

TOTALS

Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond Richmond

10301 10302 10303 10304 10305 10306 10307 10308 10309 10310 10312 10314

102,418 5,821 3,211 4,590 7,295 8,524 13,733 3,272 7,311 7,759 4,672 15,937 20,293

14,728 1,572 1,130 2,071 2,333 968 1,094 203 503 550 1,164 1,230 1,910

14.4% 27.0% 35.2% 45.1% 32.0% 11.4% 8.0% 6.2% 6.9% 7.1% 24.9% 7.7% 9.4%

1,677 116 103 173 154 129 160 51 93 127 90 216 265

1.6% 2.0% 3.2% 3.8% 2.1% 1.5% 1.2% 1.6% 1.3% 1.6% 1.9% 1.4% 1.3%

454 62 51 101 76 19 12 4 8 10 45 24 42

27.1% 53.4% 49.5% 58.4% 49.4% 14.7% 7.5% 7.8% 8.6% 7.9% 50.0% 11.1% 15.8%

1.9 2.0 1.4 1.3 1.5 1.3 0.9 1.3 1.3 1.1 2.0 1.4 1.7

Total! House" holds! Under! Water 10,534 576 665 1,258 926 729 1,087 257 584 557 699 1,183 2,013

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 10.3% 9.9% 20.7% 27.4% 12.7% 8.6% 7.9% 7.9% 8.0% 7.2% 15.0% 7.4% 9.9%

3058 293 364 698 524 142 137 21 61 46 325 150 297

29.0% 50.9% 54.7% 55.5% 56.6% 19.5% 12.6% 8.2% 10.4% 8.3% 46.5% 12.7% 14.8%

2.0 1.9 1.6 1.2 1.8 1.7 1.6 1.3 1.5 1.2 1.9 1.6 1.6


County

Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

Total! House" holds! Under! Water

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

TOTALS

336747

54046

16.0%

N/A

N/A

N/A

N/A

36146

10.7%

13396

37.1%

2.3

11001 11003 11010 11020 11021 11023 11024 11030 11040 11050 11096 11501 11507 11509 11510 11514 11516 11518 11520 11530 11542

6419 8655 6338 1574 2939 2276 1842 5088 11218 6905 1251 4305 2183 1104 8632 1163 1548 2813 8060 7796 5690

828 4861 637 198 95 50 35 214 953 405 578 573 126 39 2518 117 81 163 4467 339 724

12.9% 56.2% 10.1% 12.6% 3.2% 2.2% 1.9% 4.2% 8.5% 5.9% 46.2% 13.3% 5.8% 3.5% 29.2% 10.1% 5.2% 5.8% 55.4% 4.3% 12.7%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

566 1936 526 65 103 87 36 136 702 319 206 265 115 45 1739 93 115 260 1892 338 406

8.8% 22.4% 8.3% 4.1% 3.5% 3.8% 2.0% 2.7% 6.3% 4.6% 16.5% 6.2% 5.3% 4.1% 20.1% 8.0% 7.4% 9.2% 23.5% 4.3% 7.1%

146 1316 116 18 1 2 1 9 133 30 140 53 13 2 749 20 4 29 1310 19 122

25.8% 68.0% 22.1% 27.7% 1.0% 2.3% 2.8% 6.6% 18.9% 9.4% 68.0% 20.0% 11.3% 4.4% 43.1% 21.5% 3.5% 11.2% 69.2% 5.6% 30.0%

2.0 1.2 2.2 2.2 0.3 1.0 1.5 1.6 2.2 1.6 1.5 1.5 2.0 1.3 1.5 2.1 0.7 1.9 1.2 1.3 2.4


County

Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11545 11547 11548 11550 11552 11553 11554 11557 11558 11559 11560 11561 11563 11565 11566 11568 11569 11570 11572 11575 11576 11577 11579

3471 310 348 7542 6411 4955 9631 2088 2332 1896 1898 8902 5476 2904 9742 902 682 6336 8780 3378 3693 3182 1528

161 17 24 6153 1606 4230 959 109 300 102 122 746 526 242 546 43 10 689 628 3116 120 152 75

4.6% 5.5% 6.9% 81.6% 25.1% 85.4% 10.0% 5.2% 12.9% 5.4% 6.4% 8.4% 9.6% 8.3% 5.6% 4.8% 1.5% 10.9% 7.2% 92.2% 3.2% 4.8% 4.9%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Total! House" holds! Under! Water 141 18 20 2312 922 1238 1063 138 235 113 102 587 570 263 834 22 18 439 856 1135 134 213 95

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 4.1% 5.8% 5.7% 30.7% 14.4% 25.0% 11.0% 6.6% 10.1% 6.0% 5.4% 6.6% 10.4% 9.1% 8.6% 2.4% 2.6% 6.9% 9.7% 33.6% 3.6% 6.7% 6.2%

9 1 1 2057 416 1150 255 16 63 9 11 91 115 46 93 2 0 109 113 1076 8 15 2

6.4% 5.6% 5.0% 89.0% 45.1% 92.9% 24.0% 11.6% 26.8% 8.0% 10.8% 15.5% 20.2% 17.5% 11.2% 9.1% 0.0% 24.8% 13.2% 94.8% 6.0% 7.0% 2.1%

1.4 1.0 0.7 1.1 1.8 1.1 2.4 2.2 2.1 1.5 1.7 1.8 2.1 2.1 2.0 1.9 2.3 1.8 1.0 1.8 1.5 0.4


County

Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau Nassau

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11580 11581 11590 11596 11598 11709 11710 11714 11732 11735 11753 11756 11758 11762 11765 11771 11783 11791 11793 11797 11801 11803 11804

9794 5549 10293 2876 3420 2125 9405 6156 947 8002 3539 12286 15652 6583 204 2526 6153 7290 9215 2225 10919 8715 1494

2603 718 3975 153 122 115 582 404 46 892 117 1286 1587 331 8 167 348 277 524 70 1109 373 46

26.6% 12.9% 38.6% 5.3% 3.6% 5.4% 6.2% 6.6% 4.9% 11.1% 3.3% 10.5% 10.1% 5.0% 3.9% 6.6% 5.7% 3.8% 5.7% 3.1% 10.2% 4.3% 3.1%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Total! House" holds! Under! Water 1837 705 1611 138 242 144 935 606 45 817 181 1962 1328 453 8 130 584 390 801 79 1232 597 88

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 18.8% 12.7% 15.7% 4.8% 7.1% 6.8% 9.9% 9.8% 4.8% 10.2% 5.1% 16.0% 8.5% 6.9% 3.9% 5.1% 9.5% 5.3% 8.7% 3.6% 11.3% 6.9% 5.9%

804 198 980 11 13 7 92 166 4 141 10 416 284 32 0 18 54 18 84 0 269 39 4

43.8% 28.1% 60.8% 8.0% 5.4% 4.9% 9.8% 27.4% 8.9% 17.3% 5.5% 21.2% 21.4% 7.1% 0.0% 13.8% 9.2% 4.6% 10.5% 0.0% 21.8% 6.5% 4.5%

1.6 2.2 1.6 1.5 1.5 0.9 1.6 4.2 1.8 1.5 1.7 2.0 2.1 1.4 0.0 2.1 1.6 1.2 1.8 2.1 1.5 1.5


County Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

TOTALS 11701 11702 11703 11704 11705 11706 11713 11715 11716 11717 11718 11719 11720 11721 11722 11724 11725 11726 11727 11729 11730 11731

369755 5376 3887 4258 8624 2177 12849 2316 1428 2621 9557 979 963 7225 2095 6767 904 8114 4046 6577 7097 3894 8658

48551 2477 222 481 1691 80 3868 676 54 130 5949 41 129 678 80 3414 24 429 1321 940 1462 197 384

13.1% 46.1% 5.7% 11.3% 19.6% 3.7% 30.1% 29.2% 3.8% 5.0% 62.2% 4.2% 13.4% 9.4% 3.8% 50.5% 2.7% 5.3% 32.6% 14.3% 20.6% 5.1% 4.4%

7101 155 32 72 203 26 403 64 19 30 481 8 15 132 13 334 2 67 134 157 141 40 91

1.9% 2.9% 0.8% 1.7% 2.4% 1.2% 3.1% 2.8% 1.3% 1.1% 5.0% 0.8% 1.6% 1.8% 0.6% 4.9% 0.2% 0.8% 3.3% 2.4% 2.0% 1.0% 1.1%

2178 115 4 14 76 0 204 31 2 1 362 1 4 19 0 218 0 4 72 47 41 4 4

30.7% 74.2% 12.5% 19.4% 37.4% 0.0% 50.6% 48.4% 10.5% 3.3% 75.3% 12.5% 26.7% 14.4% 0.0% 65.3% 0.0% 6.0% 53.7% 29.9% 29.1% 10.0% 4.4%

2.3 1.6 2.2 1.7 1.9 0.0 1.7 1.7 2.8 0.7 1.2 3.0 2.0 1.5 0.0 1.3 0.0 1.1 1.6 2.1 1.4 2.0 1.0

Total! House" holds! Under! Water 8385 147 40 98 220 16 384 86 21 21 542 9 14 209 18 361 5 88 108 221 174 54 115

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 2.3% 2.7% 1.0% 2.3% 2.6% 0.7% 3.0% 3.7% 1.5% 0.8% 5.7% 0.9% 1.5% 2.9% 0.9% 5.3% 0.6% 1.1% 2.7% 3.4% 2.5% 1.4% 1.3%

2430 112 3 29 69 0 203 51 0 3 409 0 3 39 0 248 1 9 70 49 60 5 9

29.0% 76.2% 7.5% 29.6% 31.4% 0.0% 52.9% 59.3% 0.0% 14.3% 75.5% 0.0% 21.4% 18.7% 0.0% 68.7% 20.0% 10.2% 64.8% 22.2% 34.5% 9.3% 7.8%

2.2 1.7 1.3 2.6 1.6 1.8 2.0 2.9 1.2 1.6 2.0 1.4 7.5 1.9 2.0 1.6 1.7 1.8 1.8


County Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11733 11738 11739 11740 11741 11742 11743 11746 11747 11749 11751 11752 11754 11755 11757 11763 11764 11766 11767 11768 11769 11772 11776 11777

5146 3967 400 2591 7112 3280 12573 16760 3929 921 3683 2571 5081 3297 11005 7511 3692 3777 3975 6537 2591 9868 5991 2587

241 386 17 198 537 265 1045 1875 200 190 255 244 239 209 1032 1465 198 228 194 235 133 1408 640 95

4.7% 9.7% 4.3% 7.6% 7.6% 8.1% 8.3% 11.2% 5.1% 20.6% 6.9% 9.5% 4.7% 6.3% 9.4% 19.5% 5.4% 6.0% 4.9% 3.6% 5.1% 14.3% 10.7% 3.7%

38 96 2 21 76 51 138 288 37 23 57 50 45 46 223 199 64 60 46 51 22 279 100 19

0.7% 2.4% 0.5% 0.8% 1.1% 1.6% 1.1% 1.7% 0.9% 2.5% 1.5% 1.9% 0.9% 1.4% 2.0% 2.6% 1.7% 1.6% 1.2% 0.8% 0.8% 2.8% 1.7% 0.7%

5 14 0 4 8 6 29 88 4 12 12 7 1 5 44 71 4 10 3 5 1 101 18 2

13.2% 14.6% 0.0% 19.0% 10.5% 11.8% 21.0% 30.6% 10.8% 52.2% 21.1% 14.0% 2.2% 10.9% 19.7% 35.7% 6.3% 16.7% 6.5% 9.8% 4.5% 36.2% 18.0% 10.5%

2.8 1.5 2.5 1.4 1.5 2.5 2.7 2.1 2.5 3.0 1.5 0.5 1.7 2.1 1.8 1.2 2.8 1.3 2.7 0.9 2.5 1.7 2.9

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 76 105 4 44 143 48 124 288 34 37 80 54 47 66 270 259 56 62 57 48 33 303 172 28

1.5% 2.6% 1.0% 1.7% 2.0% 1.5% 1.0% 1.7% 0.9% 4.0% 2.2% 2.1% 0.9% 2.0% 2.5% 3.4% 1.5% 1.6% 1.4% 0.7% 1.3% 3.1% 2.9% 1.1%

4 16 0 9 20 4 32 88 4 19 9 7 5 4 47 88 6 5 5 1 3 93 36 1

5.3% 15.2% 0.0% 20.5% 14.0% 8.3% 25.8% 30.6% 11.8% 51.4% 11.3% 13.0% 10.6% 6.1% 17.4% 34.0% 10.7% 8.1% 8.8% 2.1% 9.1% 30.7% 20.9% 3.6%

1.1 1.6 2.7 1.9 1.0 3.1 2.7 2.3 2.5 1.6 1.4 2.3 1.0 1.9 1.7 2.0 1.3 1.8 0.6 1.8 2.2 2.0 1.0


County Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11778 11779 11780 11782 11784 11786 11787 11788 11789 11790 11792 11795 11796 11798 11901 11933 11934 11935 11937 11939 11940 11941 11942 11944

3605 9810 4455 4269 6025 1837 9677 4215 2292 4044 2568 7416 987 2859 6604 2147 2319 1246 405 343 1427 714 1605 970

229 779 182 160 657 97 476 245 119 170 128 407 43 2398 1148 205 151 41 27 5 42 28 84 91

6.4% 7.9% 4.1% 3.7% 10.9% 5.3% 4.9% 5.8% 5.2% 4.2% 5.0% 5.5% 4.4% 83.9% 17.4% 9.5% 6.5% 3.3% 6.7% 1.5% 2.9% 3.9% 5.2% 9.4%

93 190 47 47 151 31 76 33 41 33 36 102 5 143 92 38 39 7 3 2 20 12 23 6

2.6% 1.9% 1.1% 1.1% 2.5% 1.7% 0.8% 0.8% 1.8% 0.8% 1.4% 1.4% 0.5% 5.0% 1.4% 1.8% 1.7% 0.6% 0.7% 0.6% 1.4% 1.7% 1.4% 0.6%

9 25 4 1 34 6 10 5 3 1 0 10 1 119 33 7 8 0 0 0 2 0 1 1

9.7% 13.2% 8.5% 2.1% 22.5% 19.4% 13.2% 15.2% 7.3% 3.0% 0.0% 9.8% 20.0% 83.2% 35.9% 18.4% 20.5% 0.0% 0.0% 0.0% 10.0% 0.0% 4.3% 16.7%

1.5 1.7 2.1 0.6 2.1 3.7 2.7 2.6 1.4 0.7 1.8 4.6 1.0 2.1 1.9 3.2

3.4 0.8 1.8

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 133 237 59 53 227 22 105 42 98 54 49 66 13 149 81 33 37 12 4 5 24 10 5 10

3.7% 2.4% 1.3% 1.2% 3.8% 1.2% 1.1% 1.0% 4.3% 1.3% 1.9% 0.9% 1.3% 5.2% 1.2% 1.5% 1.6% 1.0% 1.0% 1.5% 1.7% 1.4% 0.3% 1.0%

11 30 4 4 37 2 8 3 6 3 7 3 0 148 27 8 2 0 0 0 1 1 2 3

8.3% 12.7% 6.8% 7.5% 16.3% 9.1% 7.6% 7.1% 6.1% 5.6% 14.3% 4.5% 0.0% 99.3% 33.3% 24.2% 5.4% 0.0% 0.0% 0.0% 4.2% 10.0% 40.0% 30.0%

1.3 1.6 1.7 2.0 1.5 1.7 1.5 1.2 1.2 1.3 2.9 0.8 1.2 1.9 2.5 0.8

1.4 2.6 7.6 3.2


County Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk Suffolk

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 11946 11948 11949 11950 11951 11952 11953 11955 11961 11963 11964 11967 11968 11971 11976 11977 11978 11980

3910 411 4089 3953 3844 1519 3489 672 4819 1886 756 6906 3558 2045 592 748 1159 1238

332 12 250 623 431 44 563 19 225 59 11 905 271 50 81 25 77 76

8.5% 2.9% 6.1% 15.8% 11.2% 2.9% 16.1% 2.8% 4.7% 3.1% 1.5% 13.1% 7.6% 2.4% 13.7% 3.3% 6.6% 6.1%

71 6 66 189 166 10 100 15 67 17 8 307 59 17 2 9 19 22

1.8% 1.5% 1.6% 4.8% 4.3% 0.7% 2.9% 2.2% 1.4% 0.9% 1.1% 4.4% 1.7% 0.8% 0.3% 1.2% 1.6% 1.8%

24 0 8 53 21 1 34 0 5 2 0 49 8 1 0 2 5 2

33.8% 0.0% 12.1% 28.0% 12.7% 10.0% 34.0% 0.0% 7.5% 11.8% 0.0% 16.0% 13.6% 5.9% 0.0% 22.2% 26.3% 9.1%

4.0 2.0 1.8 1.1 3.5 2.1 1.6 3.8 1.2 1.8 2.4 6.6 4.0 1.5

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 32 6 69 239 303 7 144 5 142 6 2 415 10 17 0 5 7 34

0.8% 1.5% 1.7% 6.0% 7.9% 0.5% 4.1% 0.7% 2.9% 0.3% 0.3% 6.0% 0.3% 0.8% 0.0% 0.7% 0.6% 2.7%

13 40.6% 1 16.7% 12 17.4% 49 20.5% 41 13.5% 0 0.0% 35 24.3% 1 20.0% 9 6.3% 0 0.0% 0 0.0% 73 17.6% 2 20.0% 0 0.0% 0 N/A 1 20.0% 1 14.3% 7 20.6%

4.8 5.7 2.8 1.3 1.2 1.5 7.1 1.4

1.3 2.6

6.0 2.2 3.4


County

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure

Westchester TOTALS Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester

10501 10502 10504 10504 10505 10506 10507 10510 10511 10514 10517 10518 10520 10522 10523 10526 10527 10528 10530 10532 10533 10535 10536

184777 338 1646 2266 2266 228 1690 1088 2798 604 3394 147 412 3152 2102 1573 474 251 2470 3110 1463 1766 110 2936

28901 18 112 76 76 19 69 117 120 57 109 11 11 216 115 801 23 8 141 276 112 78 13 102

15.6% 5.3% 6.8% 3.4% 3.4% 8.3% 4.1% 10.8% 4.3% 9.4% 3.2% 7.5% 2.7% 6.9% 5.5% 50.9% 4.9% 3.2% 5.7% 8.9% 7.7% 4.4% 11.8% 3.5%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

` N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Total! House" holds! Under! Water 15528 10 110 75 75 20 68 82 161 81 183 17 35 221 119 230 46 23 101 227 99 78 12 186

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water 8.4% 3.0% 6.7% 3.3% 3.3% 8.8% 4.0% 7.5% 5.8% 13.4% 5.4% 11.6% 8.5% 7.0% 5.7% 14.6% 9.7% 9.2% 4.1% 7.3% 6.8% 4.4% 10.9% 6.3%

5194 0 8 4 4 3 6 22 10 13 7 1 1 19 9 153 4 4 9 38 12 5 3 11

33.4% 0.0% 7.3% 5.3% 5.3% 15.0% 8.8% 26.8% 6.2% 16.0% 3.8% 5.9% 2.9% 8.6% 7.6% 66.5% 8.7% 17.4% 8.9% 16.7% 12.1% 6.4% 25.0% 5.9%

2.1 1.1 1.6 1.6 1.8 2.2 2.5 1.4 1.7 1.2 0.8 1.1 1.3 1.4 1.3 1.8 5.5 1.6 1.9 1.6 1.5 2.1 1.7


County Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 10538 10543 10546 10547 10548 10549 10550 10552 10553 10560 10562 10566 10567 10570 10573 10576 10577 10578 10580 10583 10587 10588 10589 10590

4110 3991 399 1770 898 3478 3415 2680 1673 1343 6276 4569 5741 3457 6708 1647 700 217 3945 9618 64 603 3436 2126

208 450 15 243 70 267 2473 1044 1453 69 1225 1323 707 220 1510 65 30 11 177 376 6 58 137 105

5.1% 11.3% 3.8% 13.7% 7.8% 7.7% 72.4% 39.0% 86.8% 5.1% 19.5% 29.0% 12.3% 6.4% 22.5% 3.9% 4.3% 5.1% 4.5% 3.9% 9.4% 9.6% 4.0% 4.9%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 160 243 35 224 67 158 962 298 496 83 682 858 671 177 600 99 14 14 103 348 5 69 213 180

3.9% 6.1% 8.8% 12.7% 7.5% 4.5% 28.2% 11.1% 29.6% 6.2% 10.9% 18.8% 11.7% 5.1% 8.9% 6.0% 2.0% 6.5% 2.6% 3.6% 7.8% 11.4% 6.2% 8.5%

12 47 0 50 15 27 760 152 454 5 243 346 152 10 260 7 0 1 5 12 2 9 7 12

7.5% 19.3% 0.0% 22.3% 22.4% 17.1% 79.0% 51.0% 91.5% 6.0% 35.6% 40.3% 22.7% 5.6% 43.3% 7.1% 0.0% 7.1% 4.9% 3.4% 40.0% 13.0% 3.3% 6.7%

1.5 1.7 1.6 2.9 2.2 1.1 1.3 1.1 1.2 1.8 1.4 1.8 0.9 1.9 1.8 1.4 1.1 0.9 4.3 1.4 0.8 1.3


County Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester Westchester

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 10591 10594 10595 10596 10597 10598 10601 10603 10604 10605 10606 10607 10701 10703 10704 10705 10706 10707 10708 10709 10710 10801 10803 10804

4045 1400 1597 303 282 8936 978 3751 2035 4536 2336 2027 5159 2871 4831 2944 2113 2264 3565 2141 5255 5013 2993 4185

566 94 114 24 9 648 152 1532 244 414 714 1022 1611 687 634 840 94 236 274 140 910 2148 263 268

14.0% 6.7% 7.1% 7.9% 3.2% 7.3% 15.5% 40.8% 12.0% 9.1% 30.6% 50.4% 31.2% 23.9% 13.1% 28.5% 4.4% 10.4% 7.7% 6.5% 17.3% 42.8% 8.8% 6.4%

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 215 58 95 44 15 865 35 374 123 275 225 268 702 408 444 435 88 120 153 96 406 571 155 239

5.3% 4.1% 5.9% 14.5% 5.3% 9.7% 3.6% 10.0% 6.0% 6.1% 9.6% 13.2% 13.6% 14.2% 9.2% 14.8% 4.2% 5.3% 4.3% 4.5% 7.7% 11.4% 5.2% 5.7%

58 4 6 5 0 119 7 215 28 50 104 186 366 183 125 199 6 29 14 5 128 322 32 28

27.0% 6.9% 6.3% 11.4% 0.0% 13.8% 20.0% 57.5% 22.8% 18.2% 46.2% 69.4% 52.1% 44.9% 28.2% 45.7% 6.8% 24.2% 9.2% 5.2% 31.5% 56.4% 20.6% 11.7%

1.9 1.0 0.9 1.4 1.9 1.3 1.4 1.9 2.0 1.5 1.4 1.7 1.9 2.1 1.6 1.5 2.3 1.2 0.8 1.8 1.3 2.3 1.8


County Westchester

Ratio!of!%! African" American! Percent! African! Total! Percent!all! and!Latino! Total!African! American! African! houses!in! pre"fore" American! and! Total! Percent" American! pre"fore" closure! Total! and!Latino! Latino! notices!to! Pre"! age!of! and!Latino! closure! Owner! that!are! African" Homeowner Owner! Fore" homes! House" Occupied! s!Owner! American! Occupied! closure in!pre!" holds!in! African! House" Occupied! House" Notices! fore" Pre!fore" American! home" Zip!Code holds and!Latino ownership House"holds holds Filed! closure! closure 10805

1693

393

23.2%

N/A

N/A

N/A

N/A

Ratio!of!%! African" Percent! American! Total! All!under! and!Latino! home" African! water! owners! American! House" Percent! and!Latino! holds!that! underwater! to!African" House" House" are! African! American! holds! holds! American! home" Under! Under! or!Latino ownership Water Water

Total! House" holds! Under! Water 124

7.3%

49

39.5%

1.7


Methodology The zip code based numbers in this study came from Listsource and its method of putting in criteria and getting a count of the number of households with those criteria in a specified geographic area for free. Through Listsource only owner-occupied houses were counted. All of the figures were obtained on between December 9 and December 15, 2010. Any zip code with fewer than 50 owner-occupied houses has been omitted for purposes of this report. Zip code level household income was obtained from the PolicyMap database.


47674774-Foreclosure-Report