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Minorities, Low-Income People Tap High-Rate Loans
04/12/2005 | Requests *Summary
According to an analysis of 15 large lenders by the National Community Reinvestment Coalition, "African-Americans were nearly three times as likely as whites to take out higher-cost subprime mortgages in 2004," reported USA TODAY. The study is based on data that lenders recently began releasing to comply with new rules under the Home Mortgage Disclosure Act.
Author
Kirshhoff, Susan
Available Files
- Article HTML
Keywords
mortgages; homeownership; minorities; low-income; National Community Reinvestment Coalition; Home Mortgage Disclosure Act; HMDA
Topic
Housing
Type/Tool
Announcement/Press release
Source
USA Today
State
All States/Territories
Date Created
04/25/2005
Contact
Pamela Robertson
pamela.robertson@unh.edu
970-377-0706
pamela.robertson@unh.edu
970-377-0706
Short URL
Permission to use any element of this document should be obtained by the above named contact person. Always name the originator as the source of this material.
* Reflects requests since January 1, 2007
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HCBS / Clearinghouse for the Community Living Exchange Collaborative / (http://www.hcbs.org)