I'm happy to oblige below, but I would recommend that you read my VDARE.com column first to see the highlights graphed, then come back here to wallow in the correlation coefficients in tabular form.
So, here are the correlation coefficients between RealtyTrac's Q1-2009 foreclosure rates for the top 20 metro areas in California and the federal government's Home Mortgage Disclosure Act database records of racial groups' prime and subprime shares of total mortgage dollars in 2006.
"r" is the correlation coefficient, which runs from -1.00 (perfect inverse correlation) to 1.00 (perfect correlation). In the social sciences, 0.2 is typically considered low, 0.4 moderate, and 0.6 high.
Race | Type | Share | r |
Total | Total | 100% | |
Total | Prime | 73% | -0.90 |
Total | Subprime | 27% | 0.90 |
NH White | Total | 44% | -0.78 |
NH White | Prime | 38% | -0.83 |
NH White | Subprime | 6% | 0.21 |
Not NH White | Total | 56% | 0.78 |
Not NH White | Prime | 35% | 0.50 |
Not NH White | Subprime | 21% | 0.89 |
Asian | Total | 15% | 0.18 |
Asian | Prime | 12% | 0.06 |
Asian | Subprime | 3% | 0.48 |
Black | Total | 5% | 0.48 |
Black | Prime | 2% | 0.42 |
Black | Subprime | 3% | 0.51 |
Hispanic | Total | 31% | 0.67 |
Hispanic | Prime | 16% | 0.51 |
Hispanic | Subprime | 15% | 0.78 |
Other | Total | 5% | 0.02 |
Other | Prime | 4% | -0.36 |
Other | Subprime | 1% | 0.62 |
Hisp & Blacks | Total | 36% | 0.79 |
Hisp & Blacks | Prime | 19% | 0.62 |
Hisp & Blacks | Subprime | 17% | 0.87 |
NAMs | Total | 41% | 0.81 |
NAMs | Prime | 23% | 0.62 |
NAMs | Subprime | 18% | 0.88 |
You can call up the HMDA data here. (Table 11-3: Conventional Home Purchase First Lien Loans, with "Reported Pricing Data" (subprime) vs. "Not Reported Pricing Data" (Prime)).
My published articles are archived at iSteve.com -- Steve Sailer
4 comments:
What are NH whites?
You won't be winning any friends over at TPM with these posts.
What are NH whites?
Probably NH = non-Hispanic; in some data collectons Hispanics are sometimes classified as white.
---Probably NH = non-Hispanic; in some data collectons Hispanics are sometimes classified as white.---
Like when crime stats are compiled. I couldn't imagine why...
Presuming the regions in which the percentage of White mortgage dollars is lower occurs where the percentage of non-White ownership is higher, the negative correlation in this graph from the VDARE article (http://vdare.com/images/051709_ss006.jpg) actually represents a positive correlation known in the vernacular as "White flight".
In other words Whites have a well-known tendency to leave neighborhoods in which we become outnumbered, and this graph of default data reflects that.
While we're on the subject of mortgage bubbles and race, I'd like to see more data on, how to put this delicately, J and NJ White involvement at the lending, securitizing, and bailout levels of this man-made crisis.
Surely nobody here believes the so-called NAMs engineered "reverse redlining" for themselves.
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