Americans for Fairness in Lending

Study finds minorities paid more for loans:

An annual report on mortgage lending in Massachusetts finds that black and Latino borrowers were disproportionately the recipients of loans with high interest rates in 2006. Perhaps the more interesting question is what the 2007 report will show.

This is the 14th annual report for the council authored by Jim Campen, a researcher at the University of Massachusetts at Boston. It is titled "Changing Patterns," but it reports very little change: Blacks, and to a lesser extent Latinos, remained largely unable in 2006 to borrow money at the same interest rate as whites.