step three. Subprime Funds try 5 times Likely to be for the Black Communities than simply during the White Communities – In the predominantly black neighborhoods, the latest higher-pricing subprime lending taken into account 51 per cent out-of mortgage brokers in 1998 – compared with only nine per cent inside predominately white areasparable 1993 figures had been 8 per cent into the black neighborhoods and you can one percent during the light neighborhoods. 4. Residents in the Higher-Earnings Black colored Neighborhoods Is actually Two times as Almost certainly as Residents for the Reasonable-Earnings White Areas having Subprime Funds – Only 6 % regarding property owners when you look at the upper-income light communities features subprime fund whenever you are 39 % off home owners within the top-money black areas possess subprime finance, more twice the rate to have home owners from inside the reasonable-income white areas, 18 per cent. Leggi tutto “Inside the 1993, there had been 80,000 subprime re-finance money claimed not as much as HMDA”