WASHINGTON — Black and Hispanic mortgage borrowers had lower credit scores and higher default rates than Asian and non-Hispanic white borrowers, according to analysis released Wednesday by the Federal Reserve Board.

The Fed's paper, which analyzed Home Mortgage Disclosure Act data from 2012, was the first time regulators compared such data to borrowers' credit scores. The findings showed significant disparities among minority borrowers tracing back to 2006. The analysis also found that minorities were more likely to receive higher-priced mortgages, based partly on credit scores and geography.

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