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Reality 2004-2007 2004 2007
• IIn each h year dduring i th the period i d of f 2004 2004-2007, 2007
non-Hispanic Whites had more subprime rate
l loans* * th than all ll minorities i iti combined. bi d
• Vast majority of subprime rate loans were
originated in largely white census tracts, i.e.,
census tracts less than 30% minority.
• The volume of subprime rate loans made to
non-Hispanic p Whites dwarfs the volume of
subprime rate loans made to minorities.
* Conventional, 1st , lien, , owner-occupied, p , home p purchase/refinance, , 1-4 family y
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