“Hispanic and African American neighborhoods had been targeted by the subprime lending industry: renters were lured into buying bad mortgages, and homeowners were encouraged to refinance under riskier terms. Then it all came crashing down. Between 2007 and 2010, the… — Matthew Desmond Copy Share Image
Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth. The average Hispanic family lost 44.7%. — Matthew Desmond Copy Share Image
