Fed: Minorities got worst of boom and bust 
Failed lenders were more likely to charge high rates
By Matt Carter, Friday, September 12, 2008.A Federal Reserve Board analysis of millions of home loans suggests minorities were more likely to pay high interest rates when they took out a loan during the housing boom, and then had a harder time getting a loan when the boom turned to bust.
The Fed study reveals that, as a group, nearly 200 independent mortgage companies that failed last year were much more likely to make higher-priced loans to minorities, and that minority communities have been hit hardest by cutbacks in lending during the credit crunch.
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