Relevant:
- nearly half of california foreclosures on latino borrowers
- Illinois AG to Fed: End Incentives for High-Risk Mortgages
- Massachusetts sues H&R Block over mortgages to minorities
- 1,100 borrowers to receive max $125,000 payment in foreclosure settlement
- FRB: Press Release--Federal Reserve Board reaches agreements in principle with Goldman Sachs and Morgan Stanley to provide $557 million in payments and other mortgage assistance to borrowers
2012-12-13 — inman.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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