Oklahoma Mortgage Lending Patterns

An analysis of patterns of subprime lending and homeownership and foreclosures among people of color in Tulsa and Oklahoma City MSAs

Dr. Angela Gobar, Jackson State University
A research project of Howard University’s Center on Race and Wealth

Since the housing market reached its peak in 2006, more than 6 million homes have been lost to foreclosure in the U. S.   The result of this crisis has shattered the “American Dream” for many citizens and left behind a depressed housing market. While varied factors may have contributed to the crisis this study explores and analyzes the effects of subprime lending proliferation on homeownership and foreclosure rates in Tulsa and Oklahoma City.  The research demonstrates how between 2004-2007 homeownership rates were on the rise in these MSAs.  This was the period represented by the largest volume of subprime lending nationally. Therefore, an examination of foreclosure data shows how the patterns of subprime lending correlate with the disparate effects on minority home mortgage borrowers. The research illustrates how such lending patterns disproportionately affected communities of color in the state.

Click here to read a blog post summarizing this research.
Click here to download the full research paper.
Click here to download the power point presentation.


Oklahoma Policy Insititute (OK Policy) advances equitable and fiscally responsible policies that expand opportunity for all Oklahomans through non-partisan research, analysis, and advocacy.

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