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Minorities Hit Hardest by Subprime Mortgage Crisis

Minorities Hit Hardest by Subprime Mortgage Crisis

We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African American and Latino homeowners have been particularly hard hit. A new study finds that African Americans and Latinos were more than three times as likely as whites to have a high-cost loan. [includes rush transcript]

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