EPI’s Program on Race, Ethnicity, and the Economy presents
Race, Ethnicity, and the Subprime Mortgage Crisis
| Moderated by DR. ALGERNON AUSTIN Director of the Program on Race, Ethnicity, and the Economy |
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| with presentations by | |
| GRACIELA APONTE National Council of La Raza |
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| DEBBIE BOCIAN Center for Responsible Lending |
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| WILHELMINA LEIGH Joint Center for Political and Economic Studies |
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| GREGORY SQUIRES George Washington University Author of “Do subprime loans create subprime cities?“ |
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The subprime mortgage crisis, with its links to the broader housing sector and to financial markets, is at the top of the national policy agenda. As Congress and the Federal Reserve consider proposals for reform, it is important to consider how and why this crisis came to have a disproportionate impact on communities of color. This panel discussed the reasons for this disparate impact and how policy reforms can be best tailored to serve the communities hardest hit by the crisis.