Study Finds African-American Mortgage Borrowers More Likely to Receive Higher Price Than Their NPB Counterparts

In a study conducted by the Florida Atlantic University's College of Business, African-American mortgage borrowers were more likely to receive higher interest rates than their white, non-Hispanic counterparts. The study, based on data available from the U.S. Survey of Consumer Finances, controlled for various factors available in the data, such as income, education level and shopping [...]