Black and Latino Women Get More High Cost Loans than Anyone

Women are Prime Targets for Subprime Lending:
Women are Disproportionately Represented in High-Cost Mortgage Market
by
Allen J. Fishbein and Patrick Woodall
for Consumer Federation of America, 2006

Women are more likely to receive subprime mortgages than men. These gender
disparities exist across mortgage product lines.

Women with the highest incomes have the highest disparities relative to men with similar incomes than women at lower income levels. The gap is especially pronounced for women of color.

African American and Latino women have the highest rates of subprime lending. Moreover, African American and Latino women with the highest incomes have much higher rates of subprime lendingthan white men with similar incomes.

The Consumer Federation of America (CFA)
study found these patterns of subprime gender disparity exist for home purchase, refinance and home improvement lending.
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