Inside 1993, there are 80,000 subprime re-finance funds reported significantly less than HMDA 3. Subprime Loans is actually Five times Apt to be when you look at the Black Areas than simply inside Light Areas – Inside the predominantly black areas, the latest highest-rates subprime financing taken into account 51 per cent out-of home loans during the 1998 – weighed against just 9 % in mainly light areasparable 1993 data was basically 8 per cent during the black areas and you may one percent during the light communities. cuatro. Homeowners in the Higher-Income Black Communities Is Doubly More than likely because Homeowners within the Low-Earnings Light Areas having Subprime Finance – Simply six per cent of home owners for the top-money white areas has subprime funds when you are 39 per cent out of property owners into the upper-income black areas have subprime money, more twice the speed to own property owners inside reasonable-income light neighborhoods, 18 percent.