{"id":9826,"date":"2011-12-19T14:00:21","date_gmt":"2011-12-19T19:00:21","guid":{"rendered":"http:\/\/www.raleighpublicrecord.org\/?p=9826"},"modified":"2011-12-19T14:00:21","modified_gmt":"2011-12-19T19:00:21","slug":"raleighs-black-latino-homeowners-hit-hard-by-foreclosures","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/2011\/12\/19\/raleighs-black-latino-homeowners-hit-hard-by-foreclosures\/","title":{"rendered":"Raleigh’s Black, Latino Homeowners Hit Hard by Foreclosures"},"content":{"rendered":"

Raleigh’s African-American and Latino populations have been hit hardest locally by the national foreclosure crisis, according to a report issued by the Center for Responsible Lending<\/a>.<\/p>\n

Homeowners with low and moderate income, as well as neighborhoods with the highest minority populations, also took a hit in Raleigh.<\/p>\n

When broken down by race, the white, non-Hispanic population holds a large share of home loans with 66.6 percent, according to the study. Another 12.3 percent of home loans are held by African-Americans, along with 3.5 percent of Latinos and 3.6 percent of Asians.<\/p>\n

But despite the fact that they hold fewer loans, the report states that African American and Latino populations in Raleigh have seen the largest percentages of completed foreclosures \u2014 6.1 percent and 4.7 percent, respectively.<\/p>\n

The percentage of complete foreclosures for white, non-Hispanic homeowners holds much lower at 2.1 percent.<\/p>\n

African-American and Latino homeowners also hold the largest percentage of loans classified as seriously delinquent at 11.4 and 7.7 percent, respectively, while the percentage for white, non-Hispanic homeowners is 3.8 percent and Asian homeowners is 2.9 percent, according to the Center for Responsible Lending.<\/p>\n

Raleigh Homeowners, by Percentage<\/strong>
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