So, all those defaulted mortgages causing this recession....[views:1506][posts:0]_________________________________________ [Feb 11,2009 6:18pm - Conservationist ""] Default rates for 1992 vintage FHA-insured mortgages after 7 years: White: 4.27% Black: 10.81% Hispanic: 13.18% Default rates for 1992 vintage FHA-insured mortgages after 5 years: White: 4.10% Black: 9.14% Hispanic: 9.47% Default rates for 1996 vintage FHA-insured mortgages after 3 years: White: 3.34% Black: 6.93% Hispanic: 6.99% http://blog.vdare.com/archives/2009/02/10/...ortgage-default-rates-by-ethnicity/ Oof. |