High-rate mortgages more prevalent among blacks
At the height of the housing bubble, blacks were three times as likely as whites to get high-rate mortgages. When the bubble burst, blacks lost a larger share of their home equity and net worth. Read related article.
NOTE: High-rate loans include subprime loans. Black includes some Hispanics. | Sources: Washington Post analysis of home mortgage disclosure data; Federal Reserve Survey of Consumer Finances report. The Washington Post.
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