Black Enterprise: "Did THEY cause The Credit Crisis?"

From January 2009, Balck Enterprise:

First-time Homeowners Benefited Least from Subprime Loans

If the subprime market flourished because of pressuers to help first-time minority homeowners, it would stand to reason that those first-time homeowners would have been the recipients of the most subprime loans. Wrong again. Between 1998 and 2006, only 9% of subprimes loans went to first-time howmeowners, according to the Center for Responsible Lending. The majority of subprime loans -- 62% were issued to homeowners looking to refinance an existing home.