Chart 4. The title is "Low Down Payments in Some Markets Could Elevate Default Risks".

A bar chart showing the share of high-leverage home purchase loans originated in 2002 in various markets.

In Memphis, 55% of loans had an 80 to 90% loan-to-purchase price, and 8% had a less than 90% loan-to-purchase price. In Rochester, 49% of loans had an 80 to 90% loan-to-purchase price, and 14% had a less than 90% loan-to-purchase price. In Oklahoma City, 38% of loans had an 80 to 90% loan-to-purchase price, and 16% had a less than 90% loan-to-purchase price. In Syracuse, 45% of loans had an 80 to 90% loan-to-purchase price, and 8% had a less than 90% loan-to-purchase price. In Kansas City, 41% of loans had an 80 to 90% loan-to-purchase price, and 11% had a less than 90% loan-to-purchase price. In Tulsa, 39% of loans had an 80 to 90% loan-to-purchase price, and 12% had a less than 90% loan-to-purchase price. In Greenville, 36% of loans had an 80 to 90% loan-to-purchase price, and 15% had a less than 90% loan-to-purchase price. In Buffalo, 34% of loans had an 80 to 90% loan-to-purchase price, and 15% had a less than 90% loan-to-purchase price. In Birmingham, 34% of loans had an 80 to 90% loan-to-purchase price, and 14% had a less than 90% loan-to-purchase price. In Greensboro, 33% of loans had an 80 to 90% loan-to-purchase price, and 13% had a less than 90% loan-to-purchase price. In Charlotte, 34% of loans had an 80 to 90% loan-to-purchase price, and 10% had a less than 90% loan-to-purchase price. In Grand Rapids, 30% of loans had an 80 to 90% loan-to-purchase price, and 11% had a less than 90% loan-to-purchase price. In Dayton, 28% of loans had an 80 to 90% loan-to-purchase price, and 13% had a less than 90% loan-to-purchase price. In Jacksonville, 27% of loans had an 80 to 90% loan-to-purchase price, and 13% had a less than 90% loan-to-purchase price. In Omaha, 27% of loans had an 80 to 90% loan-to-purchase price, and 13% had a less than 90% loan-to-purchase price. In Phoenix, 30% of loans had an 80 to 90% loan-to-purchase price, and 9% had a less than 90% loan-to-purchase price. In Atlanta, 29% of loans had an 80 to 90% loan-to-purchase price, and 9% had a less than 90% loan-to-purchase price. In St. Louis, 29% of loans had an 80 to 90% loan-to-purchase price, and 9% had a less than 90% loan-to-purchase price. In Tucson, 26% of loans had an 80 to 90% loan-to-purchase price, and 12% had a less than 90% loan-to-purchase price. In Columbus, 24% of loans had an 80 to 90% loan-to-purchase price, and 13% had a less than 90% loan-to-purchase price. In Indianapolis, 23% of loans had an 80 to 90% loan-to-purchase price, and 14% had a less than 90% loan-to-purchase price. In Cleveland, 22% of loans had an 80 to 90% loan-to-purchase price, and 15% had a less than 90% loan-to-purchase price. In Las Vegas, 24% of loans had an 80 to 90% loan-to-purchase price, and 12% had a less than 90% loan-to-purchase price.