Mortgage loans, ethnicity studied - 2004-03-09
Fresno-area African-Americans and Hispanics got higher-interest loans when refinancing their homes more often than whites in 2002, according to a report looking into lending practices made public today.
Local mortgage lenders said that while they had not seen the report, they dismissed ethnicity as a factor in why some groups received a larger share of subprime loans.
Read the full story at Fresno Bee