Monday, November 3, 2014

Hispanic-focused Solera Bank made few loans to Colorado Hispanics

Solera National Bank was formed specifically with Latinos in mind — a dedication it still trumpets seven years after it was created — yet the bank has done very little mortgage lending to that community, federal data shows.

The bulk of the bank's home loans through 2013 — nearly $257 million for home purchases or refinancing existing mortgages — have been to non-Latinos, and a large share of those dollars went to areas far from Solera's Lakewood headquarters, including mortgages in Hawaii and Alabama, according to data from the Federal Financial Institutions Examination Council.

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