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Subprime lending dropped in ?07, but people of color still bear the brunt of it (AFFIL Week)

By Jim Campen

Today marks the release of Changing Patterns XV, the fifteenth annual report on mortgage lending in Massachusetts that I?ve prepared for the Massachusetts Community and Banking Council. Lots of high-cost subprime lenders bit the dust in 2007, so subprime lending fell dramatically that year.  In Massachusetts, there were 5,085 subprime home-purchase loans made, down from 14,639 [...] Related posts:

• Minnesota legislature passes Subprime Borrower Relief Act
• Many subprime borrowers qualified for better loans
• Minnesota’s revised predatory lending law


Full post as published by Caveat Emptor on February 11, 2009 (boomark / email).

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