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California Latinos make up small fraction of mortgage market

Latinos are the biggest ethnic group in California, however a brand new evaluation reveals they make up only a fraction of individuals making use of for standard dwelling loans and have been extra prone to be denied loans in two rural Northern California metro areas.

A nationwide evaluation by Reveal from the Heart for Investigative Reporting discovered that Latinos accounted for almost half of the inhabitants within the Los Angeles space in 2015-16, but utilized for simply 18 % of standard mortgage functions.

In Fresno, Latinos made up greater than half of the inhabitants however solely accounted for 1 / 4 of conventional mortgage functions.

The information additionally confirmed disparities in two rural Northern California communities.

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