(Bloomberg) -- The U.S. agencies that supervise
more than 8,000 banks haven't censured any of them for violating
fair-lending laws, three years after Federal Reserve researchers
began assembling data showing blacks and Hispanics are more
likely than whites to be saddled with high-priced home loans.
Minorities stand to be hardest hit by rising delinquencies
and foreclosures in subprime loans. While Census Bureau data
show that homeownership rates rose to records among blacks in
2004 and among Hispanics in 2005, they still trail whites by 25
percentage points, and the gap may widen in the current bust.
Read more at Bloomberg Exclusive News
more than 8,000 banks haven't censured any of them for violating
fair-lending laws, three years after Federal Reserve researchers
began assembling data showing blacks and Hispanics are more
likely than whites to be saddled with high-priced home loans.
Minorities stand to be hardest hit by rising delinquencies
and foreclosures in subprime loans. While Census Bureau data
show that homeownership rates rose to records among blacks in
2004 and among Hispanics in 2005, they still trail whites by 25
percentage points, and the gap may widen in the current bust.
Read more at Bloomberg Exclusive News
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