ossobuco wrote:Certainly not equal opportunity to improve ourselves.
Well, there is a difference in mortgage rates between blacks and whites, that's for sure.
And the house is the biggest expense most people have.
LA Times wrote: Residents of predominantly minority districts in the Los Angeles metro area were more than nine times more likely to get high-cost loans to refinance their homes than residents of predominantly white communities ?- the largest gap, proportionally, in all of the 125 metropolitan areas studied.
Nationally, residents of minority communities were 1.7 times more likely to have such loans than borrowers in nearby white neighborhoods.
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