When you look at the 1993, there had been 80,000 subprime re-finance financing reported not as much as HMDA
step 3. Subprime Loans is actually Five times More likely into the Black colored Areas than simply inside the Light Neighborhoods – Inside the predominantly black colored communities, brand new large-prices subprime lending taken into account 51 percent away from lenders when you look at the 1998 – compared to only nine percent within the mainly light areasparable 1993 rates was 8 percent from inside the black colored areas and 1 percent inside light communities. 4. Home owners within the Highest-Income Black Communities Was Twice as Probably once the People in Lowest-Income White Neighborhoods getting Subprime Financing – Merely 6 percent regarding property owners when you look at the top-earnings light neighborhoods keeps subprime loans if you find yourself 39 percent out of residents in the higher-money black colored neighborhoods has subprime fund, more than double the speed having property owners inside reduced-earnings light communities, 18 per cent. Leia mais
