Minority Mortgage Defaults Point To New Racial Discrimination
(News One) — Latino and African-American homeowners have a disproportionate share of foreclosures nationwide compared with their percentage of homeownership, according to a new study. The study, conducted by the Center for Responsible Lending, shows that Latinos in California are especially hard hit. Perhaps this is a type of discrimination that is simply an extension of the days when minorities couldn’t get loans or buy in certain neighborhoods.
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