Report: Minorities Hit Hardest By Foreclosures


SAN FRANCISCO (AP) - 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 the report released Thursday by an alliance of policy, research and