"The study examined whether the likelihood that borrowers of different races received a subprime loan varied depending on the level of racial segregation ... The report found that, nationally, black borrowers living in the most racially segregated metropolitan areas were more likely to receive subprime loans than black borrowers living in the least racially segregated metropolitan areas. When looking just at New York City neighborhood demographics, the report found that living in a predominantly non-white neighborhood made it more likely that borrowers of all races would receive a subprime loan."
"The Furman Center is a leading academic research center, and a joint initiative of NYU's Robert F. Wagner Graduate School of Public Service, and the School of Law. "
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