(Reuters) - The lawsuit cited data from the National Community
Reinvestment Coalition showing that lenders on average made
high-cost subprime loans to higher-qualified blacks 54 percent
of the time, compared to 23 percent of the time for whites,
even when the white applicants were less qualified.
It also included research from the Center for Responsible
Living. "These statistical disparities are not mere
happenstance, but instead result from a systematic and
predatory targeting of American-Americans," the court document
said.
Read more at Reuters.com Bonds News
Reinvestment Coalition showing that lenders on average made
high-cost subprime loans to higher-qualified blacks 54 percent
of the time, compared to 23 percent of the time for whites,
even when the white applicants were less qualified.
It also included research from the Center for Responsible
Living. "These statistical disparities are not mere
happenstance, but instead result from a systematic and
predatory targeting of American-Americans," the court document
said.
Read more at Reuters.com Bonds News
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