What you will not hear about Blacks and home lending
on October 3rd, 2006 at 4:17 am(mortageindustrydiversity.com via happynews.com) 9-29-06 “Minority buyers made up the fastest growing segment of all new home purchase mortgages in 2005, according to a new analysis released today at the Second Annual Mortgage Lending Industry Diversity and Emerging Markets Conference & Career Fair in the Washington, D.C. region.
“The 2005 Minority Home Buying Surge” report finds that the percentage increase for all minority loans in “high volume areas” combined was three times greater in the top 20 mortgage growth metropolitan areas than for non-minority households, and the increase for Hispanic, African American, and Asian loans was up to five times greater. The report was issued by Genworth Mortgage Insurance and Compliance Technologies (ComplianceTech), the co-sponsors of the diversity conference.” (more…)
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