The Association of Community Organization for Reform Now (ACORN) has released a report titled "Foreclosure Exposure: a study of racial and income disparities in home mortgage lending in 172 American cities".
Using data gathered according to the Home Mortgage Disclosure Act, ACORN concludes that "unaffordable loans disproportionately impact minority and low- and moderate- income families and neighborhoods."
The report examines patterns of lending among minority populations compared to affluent white populations. It concludes that:
"Nationally, African-American home purchasers were 2.7 times more likely to be issued a high-cost loan than white borrowers. Latinos were 2.3 times more likely to be issued a high cost home purchase loan than white borrowers. Similarly, for refinance loans, African Americans were 1.8 times more likely to be issued a high-cost loan than whites. Latinos were
1.4 times more likely to be burdened with a high refinance cost loan than white homeowners."
According to the report Detroit ranks first for risk of foreclosure.