Americans for Fairness in Lending

AFFIL Partner United for a Fair Economy released their annual "State of the Dream" report today.  The report, "Foreclosed: State of the Dream 2008" states that the racial bias of subprime mortgage lenders accounts for a 40% difference in losses between whites and people of color.  The subprime mortgage crisis will cause African-Americans to experience wealth losses of between $71 billion and $122 billion over its duration.