The Subprime Mortgage Crisis: Effects on Women and Minorities

This paper briefly describes how the subprime mortgage crisis emerged. General observations are made concerning the effect of the crisis on the economy as a whole, but the focal point explains how women and minorities have been affected. To illustrate this point, areas of investigation include predatory and discriminatory lending. Furthermore, this document provides data illustrating the financial impact the subprime mortgage crisis has had on different minority groups compared to non-minority groups. The data that has been gathered for this paper comes from examining previous academic journals and results, researching various internet sources, and attending panel discussions held on this topic. General economic findings are inconclusive because the subprime mortgage crisis and consequently the economic recession are ongoing. However, findings show that there were instances when African Americans and Hispanics encountered discriminatory lending practices. Findings also illustrate that in some cases, the economic implications are more severe for minority groups than non-minority groups