Barbara Ehrenreich: Foreclosure Fightback
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“Throughout the housing boom, immigrant and minority borrowers were disproportionately issued high-priced subprime loans, even when they qualified for less expensive, fixed-rate mortgages. One study by the California Reinvestment Coalition found that African-American and Latino borrowers were nearly four times as likely as whites to receive high-cost mortgages” – Ehrenreich
This entry was posted on Sunday, January 25th, 2009 at 9:21 AM and filed under Articles, Economics, History, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
