African-Americans are twice as likely to be foreclosed upon than whites, according to a new study from the Center for Responsible Lending and the University of North Carolina, Chapel Hill. BET.com says that this is partly due to the fact that African-Americans were targeted disproportionately at the outset of the predatory lending movement. See Also: […]
The Center for Responsible Lending-a non-profit research and public policy group-released a study, this week, focused on the racial makeup of foreclosures in California. It found that Latinos have experienced notably higher foreclosure rates than non-Hispanic borrowers in the state.
