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Minorities denied for loans more often

Mc Nelly Torres and Jeremy Milarsky of the South Florida Sun-Sentinel analyzed the federal Home Mortgage Disclosure Act data for 2000-04 and found that "blacks and Hispanics who have applied for conventional mortgage loans in South Florida were denied more often than white applicants, even when income levels were about the same." The analysis also showed that when people of color were approved for loans they tended to pay higher interest rates than whites. Homeownership among minorities is at an all-time high nationwide, but minorities continue to struggle.

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