Latinos, African Americans More Than Half of All California Foreclosures
U.S. Newswire › August 17, 2010
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Summary
Most foreclosed homes are modest in size and value, according to new report
OAKLAND, Calif., Aug. 17 /PRNewswire-USNewswire/ -- Latinos and African Americans in California have experienced significantly higher foreclosure rates than non-Hispanic borrowers in the state, according to first-of-its-kind research released today by the Center for Responsible Lending.See the full content of this document
Extract
Latinos, African Americans More Than Half of All California Foreclosures
As a result, these communities represent more than half of all foreclosures, with 48% of foreclosures on Latinos and 8% on African Americans. These borrowers were more likely to receive higher-cost s...
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