Paying More for the American Dream – The Subprime Shakeout and Its Impact on Lower-Income and Minority Communities

March 6, 2008

Lending Data Analysis, Mortgage Lending, Research

Multi state HMDA Report _march2008_collaboration_0.pdf

A joint report by:

California Reinvestment Coalition, Community Reinvestment Association of North Carolina, Empire Justice Center, Massachusetts Affordable Housing Alliance, Neighborhood Economic Development Advocacy Project, Ohio Fair Lending Coalition, and Woodstock Institute

Risky lending far higher in minority areas (Reuters)

Thirty-Five Percent of Mortgages in Foreclosure in 2007 Were Originated Just One Year Earlier