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The O.C.C. includes prime loans as well as subprime, for example, while the Wells Fargo data contains no prime loans.
The critical area now is prime loans, where defaults are driven by stubbornly high unemployment.
Now most foreclosures occur with prime loans, which are harder for banks to modify than subprime.
A crucial concern is the fate of prime loans, which account for most home mortgages outstanding.
But even excluding subprime mortgages, the divergent race trends are reflected among prime loans.
And in 2004, subprime loans produced gains of 3.64percentt, versus 0.93percentt for prime loans.
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The year before the repeal sub-prime loans were just 5% of all mortgage lending.
His elder brother, the "Fatted Calf", got all the lucky breaks, making sub-prime loans with his pocket money.
The great house price bubble helped cause the crash: US sub-prime loans to the poorest lit the fuse.
The article notes that even higher-income minorities are more likely to get sub-prime loans when purchasing a home.
A squall that had appeared at two French investment funds exposed to US sub-prime loans was about to develop into a hurricane.
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