Study: Foreclosure Crisis Disproportionately Injured Black Homeowners
African Americans have been disproportionately injured by the foreclosure crisis, according to a recently published study by Princeton University professors Jacob Rugh and Douglas Massey. Among lenders that went bankrupt in 2007, blacks were three times more likely than whites to receive subprime loans, according to a previous study that the authors cite in their report. Among lenders that did not go bankrupt, blacks were equally as likely as whites to receive "predatory" treatment.
This is in line with many other reports (and here and here) of the recent foreclosure crisis and how jurisdicitons with large Black populations -- such as Prince George's County, Maryland and Atlanta -- are disproportionately impacted.