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    est rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest r
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    A study released Wednesday indicates that black and hispanic homeowners are more likely to receive refinancing loans aimed at borrowers with low credit ratings.

    The study, conducted by the Consumer Federation of America, surveyed nearly five million refinanced mortgages made by 30 lenders nationwide. The study found that about half of black mortgage seekers and one-third of Hispanics received subprime mortgages with higher interest rates. Only one-quarter of white borrowers received subprime mortgages.

    Subprime loans have higher interest rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest ra

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    The study, conducted by the Consumer Federation of America, surveyed nearly five million refinanced mortgages made by 30 lenders nationwide. The study found that about half of black mortgage seekers and one-third of Hispanics received subprime mortgages with higher interest rates. Only one-quarter of white borrowers received subprime mortgages.

    Subprime loans have higher interest rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest r

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    made by 30 lenders nationwide. The study found that about half of black mortgage seekers and one-third of Hispanics received subprime mortgages with higher interest rates. Only one-quarter of white borrowers received subprime mortgages.

    Subprime loans have higher interest rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest r

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    tgages with higher interest rates. Only one-quarter of white borrowers received subprime mortgages.

    Subprime loans have higher interest rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest r

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    est rates in order to compensate the lender for the increased risk that borrowers with lower credit ratings bring to the table. Interest rates on subprime, adjustable-rate fefinanced mortgages increase sharply as the market sees increases. This often makes it harder for the borrower to repay the loan.

    "Some of the differences in lending we saw are undoubtedly due to risk-based pricing, but the variation is too great to be explained by risk factors along," said Patrick Woodhall, senior researcher with the Consumer Federation of America.

    The study looked at 300 different cities and compared regional differences in lending practices. Over 36% of mortgage refinances were mad

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