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"New Report on Race and Subprime Lending"

May/June 2006 issue of Poverty & Race

The National Community Reinvestment Coalition (NCRC), along with The Opportunity Agenda and PRRAC, have jointly published Homeownership and Wealth Building Impeded: Continuing Lending Disparities for Minorities and Emerging Obstacles for Middle-Income and Female Borrowers of all Races. The study reveals that home loan lending inequities break down not only along racial and gender lines, but follow the ethnic make-up of neighborhoods as well. Based on the new 2004 Home Mortgage Disclosure Act data, NCRC found that minorities and immigrants receive strikingly high numbers of high-cost—or subprime— loans independent of their economic status. In addition, women—regardless of ethnic or racial make-up—received over 32% of subprime loans made to all Americans even though females comprise only 29% of the nation’s households; by contrast, women received only 24% of the prime rate home purchase loans.

We are grateful for the generous assistance Prof. Greg Squires, chair of the George Washington Univ. Sociology Dept. and a member of PRRAC’s Social Science Advisory Board, provided for this report. The report, authored primarily by NCRC research director Josh Silver, is available on the websites of the three participating organizations (all sites worth visiting in their own right):, and

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