Today the California Reinvestment Coalition released a new report with 6 national allies, looking at where now-defunct subprime lenders made their loans in 2006. Many of these lenders went out of business as a result of making too many bad loans, but their products remain in our communities and may blow up in the form of foreclosures that devastate families and communities. One distressing finding – In Los Angeles, high-risk lenders’ presence was 9.5 times greater in high minority neighborhoods than in white neighborhoods. You can find the report here

California Reinvestment Coalition

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