Subprime lending market has “preyed upon” people who can’t afford loans
At a Domestic Policy Subcommittee of the House Oversight and Government Reform Committee hearing on the impact of the subprime mortgage crisis on neighborhoods, Maryland Councilmember Nancy Floreen says that the market has “preyed upon people who cannot afford the situations in which they’ve been led.” She also says that the crisis has disproportionately affected minority communities, and said that blacks in Maryland are three times more likely than whites to receive a subprime loan, and Latinos are twice as likely as whites. (0:36)
May 21, 2008
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July 2nd, 2008 at 7:54 pm
Dear
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