Report: Minorities Hit by Foreclosures

Aol Real Estate Contributor
Updated

SAN FRANCISCO (March 6) - Subprime lenders that went out of business
with the industry's collapse targeted minority neighborhoods,
leaving them to struggle disproportionately with foreclosures and
crumbling home values, according to a new report.
These companies' high-risk loans made up 20 percent of all loans
in predominantly minority communities, compared with 4 percent of
total loans in mostly white areas, according to

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