An analysis of 2005 federal mortgage lending data shows that African American and Latino borrowers remain much more likely to pay more for their home purchase loans than white borrowers.
This report examines the cost of borrowing in six metropolitan areas in the United States. These areas include large urban areas -- New York City, Los Angeles, Chicago, and Boston, -- as well as the smaller urban areas of Charlotte, NC and Rochester, NY. This study confirms that large disparities remain in the pricing of home purchase loans.
Paying More for the American Dream: A Multi City HMDA Analysis
Contributing Organization(s): California Reinvestment Coalition
Author(s)/Creator(s): Jim Campen; Saara Nafici; Adam Rust; Geoff Smith; Kevin Stein; Barbara van Kerkhove
Publishing Date: 2006-01-01
Issue Areas: Economic Development; Housing and Homelessness; Race and Ethnicity
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
Access this research:
Votes: 0 | Average Rating: n/a
Click to add your rating!
Click to add your rating!
Related Research
Explore related research listed in the same issue areas.
Here are titles that might interest you:
- Lessons From The Marketplace: Four Proven Progressive Policies from DMI's Marketplace of Ideas
- State of the World 2004: Special Focus The Consumer Society
- Key Trends in Chicago Area Mortgage Lending: Analysis of Data From the 2004 Chicago Area Community
Share and Share Alike
The golden rule at IssueLab ... share the knowledge, share the love!
