Banks unfairly deny mortgages to African-Americans and Latinos – report. Published time: 15 Feb, 2018 17:14 Edited time: 18 Feb, 2018 07:40. Get short URL.
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Philadelphia was one of the largest cities in America where African-Americans were disproportionately turned away when they tried to buy a home. African-Americans and non-Hispanic whites make up a similar share of the population there, but the data showed whites received 10 times as many conventional mortgage loans in 2015 and 2016.
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WUNC, the National Public Radio member, The Center for Investigative Reporting’s Reveal Show and the Associated Press recently teamed up to study millions of Home Mortgage Disclosure Act records and.
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African Americans faced the most discrimination in Southern cities. Reveal reports that lenders do not dispute that they deny loan. bill payments disproportionately hurts African Americans, Latinos, and young people.
A new analysis of 2016 mortgage lending data by the Center for Responsible. Using data from the just-released 2016 HMDA report by the Federal Reserve, CRL finds. African-Americans still have the highest denial rate and Hispanic White. “Whites continue to unfairly receive more favorable access to.
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue. home purchase loans, refinancing and home equity lines of credit,
· JP Morgan bought Washington Mutual, which was the worst of the banks analyzed, “with fully 56.9 percent of African Americans and 42.3 percent of Hispanics.
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Why Blacks and Hispanics Have Such Expensive Mortgages.. Because banks and other lenders direct these groups toward high-risk, high-priced products. The result is, in part, that blacks and.
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far.
(Sarah Blesener / Reveal) Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos. purchase loans, refinancing and home equity lines of.
Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to. African Americans and other minorities found it nearly impossible to secure mortgages. In 1993 the Federal Bank of Boston issued a report entitled "Closing the Gap: A Guide to.