Racial Disparity in Foreclosures, 2007-2009

Borrower Group               Share of              Completed             Share of Completed    Disparity                                                           Originations        Foreclosure Rate    Foreclosures               Ratio                 Non-Hispanic Whites       65.9%                 4.5%                       56.1%                         1.00African Americans           7.8%                   7.9%                       11.6%                         1.76Latinos                            11.2%                 7.7%                       16.2%                         1.71Total                               100.0%               5.3%                       100.0%                       1.18Notes: Estimated 2007-2009 foreclosures of recent first-lien owner-occupied mortgage originations (2005-2008).Source: National Association of Real Estate Brokers (2013). State of Housing in Black America. Retrieved from http://bit.ly/18sYYO8