Minorities Main B&C Users In 2002, ACORN Reports Subprime mortgages accounted for a disproportionate share of the loans made to minority borrowers last year. Meanwhile, applications by minority borrowers seeking purchase money mortgage loans were turned down more frequently than those of white borrowers. Those were the major findings of a report issued last week by advocacy group Association of Community Organizations for Reform Now, which used data reported under the Home Mortgage Disclosure Act