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Foreclosures by Race and Ethnicity: The Demographics of a Crisis

June 18, 2010
Mortgage Lending

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Our new research shows that the foreclosure crisis is not over, and runaway foreclosures continue to drain hundreds of billions of dollars in wealth from families, hitting communities of color the hardest.

  • An estimated 2.5 million foreclosures were completed from 2007 – 2009, and an estimated 5.7 additional ones are imminent.
  • An estimated 17% of Latino homeowners and 11% of African-American homeowners have already lost their home to foreclosure or are now at imminent risk.
  • The great majority of homes lost were owner occupied, as are those at imminent risk of being lost.

Read the full report
Read an executive summary
Read our press release
See our presentation

A "Foreclosure Capital" in the Shadow of the Nation's Capital

In Prince George's County, where African Americans are a majority, an alarming number of black families are struggling to fight foreclosure. Louise Golden's story highlights the impact of the mortgage crisis in one of the nation's foreclosure hot zones.