Subprime Lender Market Share of Refinancing Loans in 2000
                 by Borrower Racial and Borrower Income Category
            
                          2000 HMDA Data for All MSAs      



          Percent of Total Refinancing Loan Originations in 2000 made by
        Subprime Lenders - by Borrower Racial and Borrower Income Category                
           

                                          
                                 Borrower Racial Category:             

                                                                        All
                                                     African-        Borrowers
                            White      Hispanic      American      
Borrower                    
Income Level:                                 


 Low Income                 26.89        35.39        58.06            40.72 
                                                        

 Moderate Income            22.47        32.18        51.39            32.16
                                                      
                                     
 Lower-Middle Income        18.90        29.99        46.04            26.68
                                                       

 Upper-Middle Income        16.79        28.96        42.48            23.47
                           
                            
 Upper Income               11.91        25.22        34.90            16.72
                            
                            

  All Borrowers             16.78        28.38        45.92            24.37
                            
                            



           Sources: FFIEC, 2000 HMDA data; and HUD, 2000 List of Subprime and
                    Manufactured Home Lenders.