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Minorities Hit Hardest by Subprime Mortgage Crisis
Thursday, November 29, 2007 : We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African-American and Latino homeowners have been particularly hard hit. A new study finds that African-Americans and Latinos were more than three times as likely as whites to have a high-cost loan.
Thursday, November 29, 2007 : We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African-American and Latino homeowners have been particularly hard hit. A new study finds that African-Americans and Latinos were more than three times as likely as whites to have a high-cost loan.
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