Minorities in U.S. Face Higher Likelihood of Foreclosure

The Center for Responsible Lending analyzed data on foreclosures between 2007 and

2009 on mortgages originated between 2005 and 2008 and found that every major minority group in the United States has a higher likelihood of facing foreclosure on their property than White Americans. White Americans averaged 452 foreclosures per every 10,000 home mortgages. African-Americans had the highest average of foreclosures with 790 per every 10,000 home mortgages. Hispanics were a close second for the highest average with 769 foreclosuress. The other major minorities had significantly lower chances of foreclosure than African-Americans and Hispanics. Hawaiian or Pacific Islanders has an average of 628 foreclosures, American Indians had an average of 587 foreclosures, and Asians averaged only 8 per every 10,000 home mortgages more than White Americans with 460.

Minorities in U.S. Face Higher Likelihood of Foreclosure

By: Paul Escobedo

POST COMMENT

Guaranteed Methods Of Getting The Best Out Of Foreclosure Listings Buy Foreclosures in Nevada and Enjoy the Good Life How to Avoid Foreclosure in Orlando Florida How Do I Evade Foreclosure For My Property? Laws Pertaining To Massachusetts Foreclosures Ways On How To Avoid Foreclosure Don't Get Ripped Off With Culver City Foreclosures Tip 24 FHA Foreclosures: Discounting an Already Low Priced Property Avoiding Foreclosure- It's easy, if you take the right steps Using Spirituality To Solve Foreclosure Understanding The Biggest Reason For The Increase In Michigan Foreclosures Foreclosure Trash Outs: Battling Neighborhood Blight Stop Boston Foreclosure: Evaluate Your Options Well