Latino households suffered nearly 50% of the foreclosures in California

The data shows that high-cost loans correlate with foreclosures and that there was a big presence of sub-prime lending to Latinos and in areas where there are concentrations of Latinos. Minorities were disproportionately represented in loan defaults. Latinos, who represent 36.6% of California's population, received 29.9% of all mortgage loans originated between 2004 and 2008, but were subject to 48.7% of foreclosures. Latinos' share of higher-rate loans in California was 47.1% between 2004 and 2008. Latino and African-American families disproportionately received the most expensive and risky types of loans during the sub-prime lending boom. In 2006, for instance, federal figures show that among consumers who received conventional mortgages for single-family homes, roughly half of African Americans and Hispanic borrowers received a higher-rate mortgage compared with about 18% of white borrowers.