Undercut and underserved

Among the Chicago metro area’s top 10 lenders for prime-rate mortgages in 2006, black and Latino homeowners often received high-cost loans at disproportionate rates. And for lenders who rarely granted high-cost loans, black and Latino consumers were typically underserved compared to the metro area’s totals.

Click here to download an Excel file containing figure for the 10 lenders.

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.

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