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: Cleveland Law Library Weblog

CWRU Study Blames Subprime Loans for Cuyahoga Foreclosures

By Cleveland Law Library

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The Center on Urban Poverty and Community Development at Case Western Reserve University has just issued a study in which the results definitively link subprime loans to a large portion of the foreclosures in Cuyahoga County. Crain's reports that the study emphasizes how African Americans and the neighborhoods in which they live have been the worst hit and that 84% of the foreclosures in 2005 and 2006 were due to "high-cost subprime" loans. A summary of the read more

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Full post as published by Cleveland Law Library Weblog on June 26, 2008 (boomark / email).

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