Fed: Minorities pay more for housing loans

    Well, stuff happens.  Poorer credit risks pay a higher interest rate for secured and non-secured loans.  It's always been so.  Why is this an issue now?

Link: Fed: Minorities pay more for housing loans - Yahoo! News.

In an examination of 2004 mortgage data, Fed economists found that the average incidence of higher-priced home-purchase loans was 32.4% among African-Americans, 20.3% among Hispanic whites and 8.7% for non-Hispanic whites.