Statement from Michael D. Calhoun, President-Center for Responsible Lending: Release of 2007 HMDA Data Shows Disparities Persist
The preliminary report issued today by Federal Reserve Board on mortgages made in 2007 suggests that troubling lending patterns of years past persisted, with Latino and African-American families continuing to receive a disproportionate share of high-cost, subprime home loans compared with non-Hispanic white families. Though the Center for Responsible Lending (CRL) has not finished a full analysis of the information...