(MSNBC) Higher income does not protect blacks and Hispanics from receiving mortgage loans with above-market rates, a new study by a group pushing for reforms to lending laws says. The report, released Tuesday by the Washington-based National Community Reinvestment Coalition, concludes that in 2005 blacks in 171 metropolitan areas were at least twice as likely as whites to receive expensive loans.
Study: Wealth Doesn’t Stop Minority Loan Bias. Blacks, Latinos Still Pay More for Mortgages Even with Higher Incomes.
July 11, 2007 by editor (View Source)
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