Wealthier minorities more likely than white counterparts to receive subprime loans, study finds
Sunday, August 11, 2013 - 10:30
in Psychology & Sociology
Wealthier minorities were more likely to receive subprime loans than were affluent whites, according to a New York University study of Home Mortgage Disclosure Act (HMDA) data from 2006—the peak of the previous decade's housing boom. Moreover, black and Latino applicants were more likely to be denied prime loans—even after controlling for gender and income.