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To: A.Hun
I used Stockton as an example because it is #1. It’s income is way above average.

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.

532 posted on 09/22/2008 8:23:05 PM PDT by FreeReign
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To: FreeReign
Yes income and also race. Please ping me if you find any.

I will.

533 posted on 09/23/2008 4:23:40 AM PDT by A.Hun (Common sense is no longer common.)
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