Report: Down Payment Changes Could Hobble Minority Buyers

for sale sign spanishNearly three-quarters of African-American and Latino mortgage borrowers could be excluded from affordable homeownership if federal regulators approve a proposal to require 20 percent down payments, according to a study released Wednesday.

Co-authored by the UNC Center for Community Capital and the Center for Responsible Lending, the study says that such a move would not only restrict minorities' access to homeownership but also that of roughly 60 percent of all creditworthy borrowers.

Read the full story at The Huffington Post.

Also see:
MLK, USA: Many King Streets Stuck on Economic Outskirts

Rental Prices Climb, Buying Remains More Affordable

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
homes for sale in your area.
foreclosures in your area.
Finds homes for rent in your area.

Compare Mortgage Rates

Mortgage Rates by Zillow