US lenders charge higher rates to black and Hispanic borrowers

Posted on: September 13th, 2007
Filed Under: [ Business ] [ Hispanic News ] [ Real Estate ] [ Your Money ] [ Blogante Business ]
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“Black and Hispanic borrowers were charged higher interest rates on their mortgages more often than their white counterparts, official US figures showed yesterday.

The numbers also indicated that lenders turned down potential borrowers who were from ethnic minorities more often than for whites.”

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