Because households of color hold a disproportionate share of their net worth in home equity (at 61%), the disparate loss of home equity as a result of the foreclosure crisis is exacerbating the racial wealth gap. Today, almost half of all foreclosures in California have involved Latino families, and 21.6% of African American borrowers are at imminent risk of foreclosure. Analysts predict that the indirect wealth loss nationally from the foreclosures will reach $193 billion for African American and $180 billion for Latino communities by 2012. Greenlining estimates that more than half of African American, Latino, and some sub-groups of Asian/Pacific Islander “homeowners” in California are currently underwater. These figures tell us that the foreclosure wave in 2011 and 2012 will have an even bigger disproportionate impact on communities of color.