By Mark Fogarty
According to Home Mortgage Disclosure Act [HMDA] data for 2010, Bank2 made $104 million in home loans to Indians last year out of total home lending volume of $135 million. The year before, 2009, it was eighth in the country, with $120 million in Indian mortgages out of a total of $156 million. The drop-off was consistent with a national falloff in mortgage lending from $1.8 trillion on 2009 to $1.6 trillion last year, HMDA data show.
Another tribal bank is Borrego Springs Bank, owned by the Viejas Band of Kumeyaay Indians. There may be others too.
For more on banking, see Banks Get Bailout, Indians Don't.