Subprime cowboys (Boston Globe)
Story date: 2007-10-19 02:45:43
Added on: 2007-10-19 05:00:28
Why did so many home buyers - a disproportionate percentage of them black and Hispanic - wind up with high-rate subprime mortgages when they could have qualified for far better deals? The sad, short answer: The system worked exactly way it was built to work.
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