Minorities facing a higher foreclosure rate?
This Marketwatch article discusses how sub-prime lending to minorities has led to much higher foreclosure and interest rates for minority borrowers, relative to Caucasian borrowers in the same economic position.
The National Association of Mortgage Brokers has suggested that the FTC or HUD step in to manage a list of nationally recognized mortgage brokers. Obviously something that could have been handled via self-regulation two years ago!
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