Study says Boston Area Minorities Receiving Disproportionate Amount of High-Cost Loans
Posted Mar 6th 2006 10:35PM by Wendy Allegree
Filed under: News by state
Minority homebuyers in the Boston area are five times more likely than
whites to receive high-cost loans, according to a new study by a researcher at the University of Massachusetts. Jim
Campen, who authored the study, analyzed data provided by the Massachusetts Community & Banking Council. The study did not analyze any credit criteria, including credit scores. For the
purpose of this study a high-cost loan is defined as any loan where the interest rate was at least 300 basis points
higher than Treasury securities with comparable maturities.
