African Americans and Latinos in California were more than three times as likely to take out higher-cost home loans as whites in 2005, according to an analysis of data lenders provide to federal banking regulators. The raw numbers presented in the California Reinvestment Coalition's report, "Who Really Gets Higher-Cost Home Loans?" are in line with the findings of a Federal Reserve report on the same data, which is collected under the Home Mortgage Disclosure Act. But the group's conclusion -- that lenders target minorities for higher-cost loans -- is subject to dispute. The California Reinvestment Coalition (CRC) is a nonprofit that promotes investment in low-income communities. Analyzing lending patterns in California and 14 cities, the CRC found that African Americans took out higher-cost home purchase loans 52.6 percent of the time, compared with 16.8 percent of the time for whites. Latinos used higher-cost loans 50.8 percent of the time, compared with 20.1 percent of the time f...
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