• Description

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.