http://www.cohhio.org/pdf/dimensionsforeclosure.pdf

1.5MB file .pdf

More subprime loans are originated to middle and upper income borrowers – In
2005, contrary to popular perceptions more subprime mortgages were originated in Ohio’s
middle and upper income borrowers, than to moderate and low income borrowers. Of the
133,327 subprime loans originated in Ohio in 2005, 55% were to middle and upper income
households vs. 45% were to low and moderate households.