While the U.S. housing market is recovering, many minorities are not reaping the benefits.
According to the Census Bureau , 75 percent of whites are homeowners, while only 47 percent of Hispanics have their own home.
Hispanic households lost almost half the value of their homes between 2007 and 2010 , according to a new report by the Urban Institute .
Many Hispanics bought their homes just before the recession. As a result , when the housing market crashed , Hispanics were more vulnerable than any other group , falling behind on their mortgages and ending up with a foreclosure.
Banks are another reason why minorities are losing during this recovery . They're doing it harder and more expensive for borrowers to obtain mortgages.
For example , most of the loans are now supported , Freddie Mac Federal Housing Administration and Fannie Mae . These entities sponsored by the government, have made loans more expensive for borrowers who have good credit.