Minorities Likelier to Get Pricey Loans

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009619-minorities-likelier-to-get-pricey-loans/

WASHINGTON – U.S. blacks and Hispanics are more likely to take out high-priced home loans than non-Hispanic whites, Federal Reserve Board Gov. Edward Gramlich said on Friday, citing fresh data collected from lenders.

“The prevalence of higher-priced loans differs notably across racial and ethnic groups,” he said in remarks prepared for delivery to the National Association of Real Estate Editors.

For this complete story, please visit Minorities likelier to get pricey loans-Fed data.

Minorities Likelier to Get Pricey Loans

Unknown Author

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