2012-12-13inman.com

That's a reflection of the fact that African-American and Latino borrowers "were far more likely to receive higher-rate and other risky loan terms than white borrowers," the report said, noting that African-American borrowers were 2.8 times as likely to receive a higher-rate loan as white borrowers, and Latino borrowers were 2.3 times as likely to receive a loan with a prepayment penalty


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