Once, borrowers could count on cash-out refinancing or home equity lines of credit as a means of cheaply accessing their home equity;  1  Robert B. Avery, Neil Bhutta, Kenneth P. Brevoort, Glenn B. Canner, and Christa N. Gibbs, “The 2008 HMDA Data: The Mortgage Market during a Turbulent Year,” (Draft). Article forthcoming in the Federal Reserve Bulletin.
One cause of the disparities worthy of note is the finding that blacks and Hispanics are much more likely than whites to obtain credit from institutions that concentrate more of their business on higher-priced loans. Now, for the first time, we can sort information on higher-priced loans by race, sex, product type, and geographic area.