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Subprime Mortgages Trip Vulnerable Borrowers

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Subprime Mortgages Trip Vulnerable Borrowers

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Subprime Mortgages Trip Vulnerable Borrowers

Subprime Mortgages Trip Vulnerable Borrowers

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  • <iframe src="https://www.npr.org/player/embed/6685657/6685658" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

A new report predicts more African Americans and Latinos will lose their homes to risky loans. Many prospective home buyers are said to sabotage themselves by taking out high-cost subprime mortgages. Nikitra Bailey, outreach director with the Center for Responsible Lending, speaks with Tony Cox.