PBS' Nightly Business Report On Minorities & Subprime Loans

A story appearing on PBS' Nightly Business Report on Tuesday made this observation:

• Nationwide, African-Americans and Hispanics hold twice as many sub-prime loans as whites. Sub-prime loans are also concentrated in minority neighborhoods. George Washington University sociologist Gregory Squires has researched sub-prime loans issued around the country. He says borrowers' credit worthiness doesn't explain the disparity.

For more, see program transcript, Did Minorities Get Submarined By The Sub-Prime Mortgages?

Go here and go here for other posts on alleged race bias in real estate transactions.

Editor's Note:

The U.S. Department of Housing & Urban Development ("HUD") rolled out a public service announcement last week featuring actor Dennis Haysbert that is part of a national campaign to raise public awareness about lending discrimination.

• Go here to watch HUD's new fair lending PSA,
• Go here for HUD's Fair Housing Ad Campaign,
• Go here for HUD press release. PredatoryLendingRaceBias