Racial disparities in home loan pricing

A new report from the National Council of La Raza and the National Association of Hispanic Real Estate Professionals reveals that Latino home-buyers are frequently offered higher-than-normal loans. The report suggests that this fact may be due to the wide-spread problem amongst Latino home-buyers of inadequate credit histories and/or other similar documentation.

In similar news, the Los Angeles Times recently reported that African Americans and Latinos are much more likely than Whites to receive high-cost refinancing loans. The report was based on the recently released 2006 HDMA data.

  • Filed under: Housing
  • Posted by ElektroMoose | 8:51 am

... and your thoughts are?