Nearly half of blacks who bought a house in 2005 or 2006 ended up with a high-interest mortgage, compared with 13 percent of white home buyers, according to an Atlanta Journal-Constitution analysis of federal mortgage data.
The disparity was striking, even in a comparison of home buyers with similar incomes. Among black home buyers making more than $100,000 a year, 41 percent got a subprime mortgage, compared with 7 percent of whites in the same income category.
Can’t imagine why that many (or any) would choose an expensive subprime over a lower rate regular mortgage. So the inescapable conclusion is blacks were only offered subprimes while whites got better rates and cheaper mortgages.