Bank Regulators Award Fewer Outstanding CRA Grades in 2014

New MAHA Report on 2014 CRA Ratings is Released

January 31, 2015 - Of the 93 Community Reinvestment Act ratings awarded to Massachusetts banks during 2014, only thirteen (14.0%) were “Outstanding." This is the second lowest share of “Outstanding” ratings in the last twenty years, according to a report issued today by the Massachusetts Affordable Housing Alliance (MAHA).

The report was prepared for MAHA by Jim Campen, Professor Emeritus of Economics at the University of Massachusetts at Boston and a long-time member of MAHA's Board of Directors.

MAHA's twenty-fourth annual report lists the CRA ratings assessed to all Massachusetts banks, credit unions, and mortgage companies and evaluates the performance of the three federal regulators and the Massachusetts Division of Banks in reviewing bank performance in meeting community needs.

MCBC Releases New Report on Mortgage Lending Patterns; Black and Latino Shares of Conventional Loans Well Below Household Shares

Report focuses on use of Government Backed Loans

Boston, MA (December 12, 2014)- Blacks in Boston make up 21% of households but received only 4% of conventional home-purchase loans in the city, according to a new report on mortgage lending patterns by the Massachusetts Community & Banking Council (MCBC). Latinos made up 14% of Boston households but received only 3% of conventional home-purchase loans. However, positive impacts in the
relative performance of licensed mortgage lenders were seen for the first time in 2013 from the implementation of the Mortgage Lender Community Investment regulation.

In its twenty-first annual report on mortgage lending patterns, MCBC provides information on 2013 mortgage lending in the City of Boston, in Greater Boston, in Massachusetts and in each of the state’s thirty-three largest cities and towns. Changing Patterns XXI: Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts, 2013 was prepared for MCBC by Jim Campen, professor emeritus of economics at UMass Boston.


Massachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email:
By phone: 617-822-9100
By fax: 617-265-7503