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Study finds minorities often get riskier mortgage loans – Lansing, Michigan
Tagged: foreclosurePosted on: September 9th, 2007“A study shows blacks and Latinos in the Lansing, Mich., area are more likely than whites to get high-cost, subprime loans when they buy or refinance homes.
The Association of Community Organizations for Reform Now study also says they are at increased risk for foreclosure.
Blacks are one and a half times more likely to end up with high-cost refinance loans than whites, while Latinos are 1.3 times more likely.”
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