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So, all those defaulted mortgages causing this recession....
by
Conservationist
on Feb 11,2009 6:18pm
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post by
Conservationist
at Feb 11,2009 6:18pm
Default rates for 1992 vintage FHA-insured mortgages after 7 years:
White: 4.27%
Black: 10.81%
Hispanic: 13.18%
Default rates for 1992 vintage FHA-insured mortgages after 5 years:
White: 4.10%
Black: 9.14%
Hispanic: 9.47%
Default rates for 1996 vintage FHA-insured mortgages after 3 years:
White: 3.34%
Black: 6.93%
Hispanic: 6.99%
http://blog.vdare.com/archives/2009/02/10/...ortgage-default-rates-by-ethnicity/
Oof.
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