The Center for Responsible Lending recently released a report indicating that African-Americans and Latinos have been hit harder by the mortgage crisis than their Caucasian counterparts. The statistics reveled that a total of 8 percent of African-American and Latino borrowers lost their homes due to foreclosure. Those numbers are substantially higher than the 4.5 percent foreclosure rate of homes owned by non-Hispanic whites.
See the original post:Minorities Hardest Hit by Foreclosure Crisis
