Sen. Warren is right: Blacks and Hispanics were targeted by subprime policy

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During the housing bubble in the mid-2000s, African Americans were disproportionately targeted with subprime mortgages, which wiped out any home equity gains in the crash.

The mortgage loan “data is how we can see how much black families were charged for a mortgage or how often Latino families were denied a chance to take out a mortgage,” Warren said.

Elizabeth Warren: The senator from Massachusetts went into the debate with the biggest target. were able to work their way in by piggybacking on others’ answers. Toward the end, Gabbard was asked a.

Although the rise in subprime lending and the ensuing wave of foreclosures was partly a result of market forces that have been well-identified in the literature, in the United States it was also a highly racialized process.

Black and Hispanic. rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Forecasters believe the storm will make landfall saturday afternoon What Pete.

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Sen. Warren is right: Blacks and Hispanics were targeted by subprime policy. trey garrison. elizabeth warren says minorities were targeted by subprime. And the funny thing is, she’s kinda right.

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Elizabeth Warren Reads Full Mueller Report in Congress, Calls for Impeachment | NowThis Politico does not elaborate on what Warren meant, but her lament is a familiar one on the left. The argument stipulates that black and Hispanic families, many of whom suffer rates of poverty greater than those of the population of American whites, were more frequent beneficiaries of subprime lending prior to the collapse of the housing market.

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"Starting in the late 1990s, mortgage lenders out to make a fast buck targeted African-American families and Latino families, selling them some of the worst mortgages out there," Warren said. "In fact, by 2006 a Latino family earning $200,000 a year was more likely to end up with a high-cost, high-risk subprime mortgage then a non-Latino.