Hearing on Subprime Mortgages: Clay on Race

The Financial Services Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Carolyn Maloney, holds a hearing: "Subprime and Predatory Mortgage Lending: New Regulatory Guidance, Current Market Conditions and Effects on Regulated Financial Institutions." Here Rep. Lacy Clay questions the discrepancy in rates between races.

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