Latinos and the U.S. Foreclosure Crisis Double Jeopardy: Why Latinos Were Hit Hardest by the US Foreclosure Crisis

Recent research has demonstrated that Latinos have been hit hardest by the US foreclosure crisis. In this article, I combine place stratification and spatial assim-ilation theory to explain why Latinos suffered a devastating double blow during the foreclosure crisis. Using a national sample of borrowers who received risky mort-gage loans during the boom and following them through the crisis, I find that Latinos were most likely subject to high-cost subprime lending and especially risky low-/no-documentation lending as Latino suburbanization and immigration peaked along with national home prices. As a result, while Latino borrowers were no less likely to lose their homes to foreclosure than blacks prior to the crisis or in the Rust Belt, they were significantly more likely to lose their homes after the crisis began and in the San