Stockton's Median Household Income is $35,453, which isn't all that high, especially when you factor in California housing prices. It has a heavy Hispanic population plus a relatively high (for California) black population.
Seems to me that in Stockton the CRA probably played a major roll in mortgage writing and mortgage foreclosures.
I wish I could find info somewhere that just breaks bad mortgages down by income.
Yes income and also race. Please ping me if you find any.
I will.