Report claims minorities targeted for higher-cost home loans Premium Content

Industry says nonprofit's analysis of loan data doesn't support conclusions

Inman News®

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.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Share with REmessenger