The housing crisis appears to be unabated in pockets of Milwaukee’s central city neighborhoods, based on Home Mortgage Disclosure Act data collected federally from lending institutions. A 13-year analysis of mortgage lending in zipcode 53206, one of Milwaukee’s poorest central city neighborhoods, showed continued borrowing and reliance on subprime and high-interest cost loans. In 2006 mortgage borrowing activity continued to rise in zipcode 53206 in contrast to an overall slowdown in the county. The vast majority (85%) of housing loans to owner-occupants in zipcode 53206 were made to single purchasers rather than 2-person co-signers. These trends are consistent with concerns about the largely single-parent families of the neighborhoods seeking out or being targeted for housing loans (including refinancing loans) they can ill-afford.
Pawasarat, John and Quinn, Lois M., "Update on the Housing Crisis in ZIP Code 53206" (2007). ETI Publications. 65.