A person in a white neighborhood was substantially less likely to experience a thirty percent drop in value. (Compare East Palo Alto with Palo Alto west of the freeway.)

Homes in areas with large numbers of Hispanics and/or blacks, primarily those with large numbers of Hispanics had the largest proportion of foreclosures, and such neighborhoods had the most severe drops in price, for example Gilroy in California, so discriminating by neighborhood or race or both, regardless of the individual merits of the applicant, would have served the banks better than a race blind or neighborhood blind policy