Mortgage bankers set the mortgage industry pace in originating minority home loans in 1993, but a soon-to-be-released study of HMDA data shows that while mortgage bankers top all other bank groups in minority lending, they had a worse record than other lending groups overall in approvals and denials of conventional loans to blacks.

The study, conducted by the Mortgage Bankers Association based on 1993 Home Mortgage Disclosure Act figures (see chart, Page 6), shows that mortgage bankers approval and denial rates for home purchase loans for blacks and all other minority groups as well led the industry.

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