FACT: In 2006, the foreclosure
rates were higher among
African-Americans and Latinos.
However, Caucasians struggled
with predatory lending
practices as well. Last year,
more than 72 percent of home
refinance loans issued to
African American Detroiters
were high-cos, high interest
loans, according to a
September 2007 study

more

FACT: In 2006, the foreclosure
rates were higher among
African-Americans and Latinos.
However, Caucasians struggled
with predatory lending
practices as well. Last year,
more than 72 percent of home
refinance loans issued to
African American Detroiters
were high-cos, high interest
loans, according to a
September 2007 study
commissioned by ACORN. More
than 48 percent were issued to
Latinos,...

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