Map: Subprime mortgages issued in Maryland counties, 2006
Thursday, July 21st, 2011
African-American and Hispanic borrowers in the D.C. metropolitan area were far more likely to get subprime loans than white borrowers with similar credit scores and incomes, according to a 2009 study by the National Community Reinvestment Coalition. In Prince George's, the nation's wealthiest majority-black county, more than 40 percent of all loans were subprime in 2006, near the peak of the housing boom. There, as in every other Maryland county, black and Hispanic borrowers were far more likely to receive a subprime loan than white borrowers.
Kat Aaron contributed to this story.