New Report Focuses on Minority Subprime Impacts, Says Minorities to Lose $164-$213 Billion.

A Boston based group, United for a Fair Economy has issued an annual report on minority homeownership titled, Foreclosed: State of a Dream, 2008 , HERE.

From their press release on the report: "A new report says the sub prime mortgage crisis will cause African-Americans to experience wealth losses of between $72 billion and $93 billion over its duration. For people of color in general, the racial bias of sub prime mortgage lenders accounts for nearly double the wealth losses for people of color as for whites."