Skip to main content

Search form

Share of Mortgages Going to Blacks Has Tumbled Nearly 40% from the Peak

Friday, September 30, 2016
Andrea Riquier | MarketWatch
Nikitra Bailey

What’s more, African-Americans overwhelmingly rely on mortgages that are backed by the government, noted the Center for Responsible Lending in a statement Friday. Some 70.2% of African-American borrowers were government-backed, nearly double the share of such loans to white borrowers.