Mortgage data links higher-priced loans with delinquencies

Racial disparities persist in analysis of loan denials and rates

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A new Federal Reserve Board analysis of millions of home loans made in 2006 shows a correlation between higher-priced loans that carry heftier interest rates and the rate of serious delinquencies.

As in past years, data collected under the Home Mortgage Disclosure Act revealed blacks and Hispanics were more likely to take out such loans than whites, although it remains a matter of debate whether they are targeted for such loans.