A disproportionate number of the region’s Latino and black residents were recipients of high-cost, or subprime, loans in San Diego County in 2006, a national housing organization group reported today.

The report from ACORN, the Association of Community Organizations for Reform Now, examined both refinance and home purchase loans and used public data supplied by mortgage lenders to examine the breakdown of high-cost borrowers by race in 172 American cities.

In 2006, the group found, nearly one in three home refinance loans made to black homeowners in San Diego were high-cost loans. One in four refinance loans made to Latinos were high-cost. Comparatively, among whites, only one in eight refinance loans were high-cost.

The racial disparities remained at the same income level, the group reported. Among upper-income San Diegans, for example, black homeowners were 2.5 times more likely and Latinos were 2.1 times more likely than whites to receive a high-cost refinance loan.

You can read the entire report, including national and other city analyses, at the ACORN website.

For more on this: We took a look at the disproportionate effect of subprime loans and related foreclosures on the region’s Latinos in April. You can read that story here.

KELLY BENNETT

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