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Focus Magazine

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African Americans and Homeownership: The Subprime Lending Experience, 1995 to 2007 - November 2007 - Brief #2

This brief provides a primer on subprime lending and how it has affected homeownership among African Americans. Its story begins in the mid-1990s with the increase in subprime lending for home purchases, home improvement, and refinancing. How the primary and secondary markets for subprime loans operate and how African Americans and households belonging to other racial/ethnic subpopulations have been served by them are detailed. This brief concludes with a discussion of principles and recommendations for enhancing the operation of the subprime market to better meet the needs of African Americans and other disproportionately low-income populations.

SEE ALSO AFRICAN AMERICANS AND HOMEOWNERSHIP: SEPARATE AND UNEQUAL, 1940 - 2006 - NOVEMBER 2007 - BRIEF #1[CLICK HERE]

TO VIEW THIS BRIEF PLEASE DOWNLOAD THE LATEST VERSION OF ACROBAT READER.[CLICK HERE]

Date Published: March 2008

Price: $0.00

African Americans and Homeownership: The Subprime Lending Experience, 1995 to 2007 - November 2007 - Brief #2 Download the file

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Did You Know?

Did you know that only 29 percent of African American adults surveyed in an October-November 2005 Joint Center poll expected Social Security to be their major source of retirement income? Fewer of them (20 percent) expected an employer-sponsored pension plan to be their major source of income, and more (42 percent) expected that their major source of income would be their own retirement savings and investments.

Source: Joint Center for Political and Economic Studies, National Opinion Poll of African American Adults About Social Security and Wealth, 2005.