Article: Group Says Minorities Disproportionately Burdened by Subprime Loans.

Byline: Richard Burnett

Mar. 11--During the nation's home-refinance boom, too many minority borrowers have wound up with high-cost, subprime loans when they could have qualified for some of the lowest mortgage interest rates in history, according to a consumer-advocacy group's study released Tuesday.

The study, part of an ongoing attempt to document racial disparity in subprime mortgages -- loans with higher-than-prime interest rates and fees, typically designed for credit-troubled borrowers -- was conducted by the ACORN Group, a consumer-advocacy organization based in Washington D.C.

Focusing on 117 U.S. metro areas, researchers said that ...

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