Minority mortgage market experiences leading up to and during the financial crisis

Stephen L. Ross 22 August 2014

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The foreclosure crisis and the growth of subprime lending that preceded the crisis have disproportionately affected low income and minority neighbourhoods (Geradi and Willen 2009, Fisher et al. 2010, Mayer and Pence 2007, Edminston 2009) and have had significant negative consequences for minority homeownership (Geradi and Willen 2009).

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Topics:  Global crisis Poverty and income inequality

Tags:  subprime crisis, mortgage crisis, creditor discrimination, minority lending