"About 40 percent of Hispanic homeowners have subprime mortgages."
Hillary Clinton on Sunday, September 9th, 2007 in a debate in Miami, Fla.
Black and Hispanic homeowners have more subprimes
The most recent statistics compiled by the Home Mortgage Disclosure Act, cited in recent reports about the subprime lending crisis, say 40 percent of Hispanic homeowners have subprime mortgages. By comparison, 52 percent of black homeowners have subprime mortgages while only 19 percent of non-Hispanic whites do.
Published: Monday, September 10th, 2007 at 12:00 a.m.
Sources:Home Mortgage Disclosure Act data, cited by Center for Responsible Lending, Losing Ground: Foreclosures in the Subprime Market and Their Cost to Homeowners
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