About 29 percent of black Americans who bought or refinanced homes last year ended up with high-cost loans, compared with only about 10 percent of white Americans, according to a consumer advocacy group’s analysis of new data from 15 large national lenders. About 15 percent of Hispanics received such loans offered to borrowers with damaged credit, known as subprime loans, according to the analysis conducted by the National Community Reinvestment Coalition, which represents 640 community-based nonprofit organizations.
California: Gasoline prices rise
Gas prices have soared an average 19 cents in the past three weeks due to lingering high crude oil prices, growing demand and higher refining costs, an industry analyst said Sunday. The average retail price for all three grades increased 18.95 cents to $2.32 a gallon between March 18 and Friday, said Trilby Lundberg, who publishes the semimonthy Lundberg Survey of 7,000 gas stations around the country. The most popular grade, self-serve regular, averaged $2.29 a gallon nationally, while customers paid $2.38 for midgrade. Premium averaged $2.48 a gallon.
Maryland: Annapolis cadet dies
A student at the U.S. Naval Academy was found dead outside a campus dormitory of an apparent fall, authorities said. Midshipman Second Class Jay Dixon, 21, of Destrehan, La., was found on Saturday and declared dead at the scene. The Naval Criminal Investigative Service is investigating. In February, a judge dismissed a wrongful death lawsuit against the Navy filed by the family of a Naval Academy student who had fallen more than 50 feet from his dorm window in 2002.
From Herald news services
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