An analysis of mortgage lending patterns in 2006 reveals that minorities were more likely to get high-cost loans than whites, and that the problem was even more pronounced as income levels increased. The analysis, by the National Community Reinvestment Coalition, "suggests that some level of discriminatory behavior continues in the mortgage finance market," the group said in a press release. The study, "Income is No Shield," called for Congress to pass a comprehensive anti-predatory lending law and legislation to make prime loans more available in minority communities. A Federal Reserve analysis of the same data released last year reached similar conclusions, but said part of the difference in the incidence of higher-priced loans between ethnic groups could be explained by factors such as property location, income and loan amount. Other information that might explain the differences -- including credit scores, loan-to-value and debt-to-income ratios --...
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