Filed Under: [ Hispanic News ]
HispanicTips has 43,151 stories & 115,000+ visitors a month..
“Black and Hispanic home buyers entering the fast-growing market for subprime mortgages tend to pay higher interest rates than whites with similar credit ratings, a statistical study by an advocacy group says.
The subprime industry makes loans at higher interest rates to people who cannot qualify for regular mortgages.
“When we compared borrowers with the same risk characteristics, African-Americans and Latinos were still more likely to get the higher-rate loans,” said Debbie Gruenstein Bocian, a researcher at the group, the Center for Responsible Lending.”
FUENTE TRANDUCIDO: Usando Google o Altavista/Babel Fish
Please note some (many) sites require registration. Many times it is free.
Stumble it! |
|
Other posts that may interest you
Study: Hispanics, blacks get higher refinance rates
US lenders charge higher rates to black and Hispanic borrowers
Report: Minorities hit hard by home foreclosures
Hispanic students perform better in colleges with larger Hispanic communities, UF study finds
Study: Wealthier minorities get high-cost loans - Massachusetts - (this is unacceptable and wrong!)
Mortgages for illegal immigrants getting more common
Durham's Latino students at higher suicide risk, study says - North Carolina
USATODAY.com - Analysis finds boom in Hispanics' home buying
