The Post had a major front page article about how subprime loans threaten to undermine the prospects of African Americans for a decade. While African Amercians do face discrimination in lending, and are more likely to be given a subprime loan than a white with comparable credit and employment history, the real problem stemmed from the fact that so many bought homes in the middle of a housing bubble.
If someone bought a home at a bubble-inflated price that could be twice as much as its trend l...
Published on July 08, 2012 20:02