Minority homebuyers face discrimination

Source: Annalyn Kurtz, CNNMoney

The housing crisis hurt low-income communities and minorities more severely than other groups, Federal Reserve Chairman Ben Bernanke said Thursday. Bernanke pointed to homeownership rates for African Americans, which fell 5 percentage points over the last eight years, compared to a 2 percentage-point drop for other groups.

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mortgages, financial, foreclosures, discrimination, lending, redlining

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