High costs for high rollers

Even wealthy homeowners got high-cost loans. In particular, the wealthiest African American homeowners were more likely to get high-cost loans than the poorest white homeowners.

Note: Data includes conventional, first-lien, home purchase, home improvement and refinancing loans for owner-occupied, one-to-four unit family properties.

Source: Federal Financial Institutions Examination Council, analyzed by The Chicago Reporter.

Comments are closed.