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Reveal found that African Americans in the. high interest rates and unfair rules.” Lending institutions, which have been critical of Reveal’s report, declined invitations to appear at the hearing.
November Existing Home Sales Plunge Home sales plunge in city in November. The number fell by 8.5 percent from a year earlier. The decline wasn’t as sharp for the region.. Year-to-date, city home sales are down 4 percent from the.
Banks Continue to Deny Home Loans to People of Color February 19, 2018. Five decades after the Fair Housing Act prohibited racial discrimination in lending, African Americans continue to be denied conventional mortgage loans at rates far higher than white homebuyers, especially in the South. Reveal from The Center for Investigative Reporting.
https://democracynow.org – A shocking new investigation by Reveal and the Center for Investigative Reporting has uncovered evidence that African Americans and Latinos are continuing to be.
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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.
Organizations and scholars submitting this report do not necessarily endorse every. the basis of race, while on the decline according to some estimates, African Americans and Latinos frequently encounter discrimination when.. mortgage companies and subsidiaries of national banks, are largely.
Banks find loopholes to deny blacks and Latinos home loans at twice the rate of whites. Of the total home mortgage loans originating in Petworth, 80% of white applications were approved while only 44% of those from African Americans were. Source: Reveal analysis of Home Mortgage Disclosure Act data, US Census Bureau.
Not everyone is participating in the ongoing recovery buoying the Valley housing market. According to a new report released this week by a Bay Area public policy research institute, many African American, Latinos and Hispanic borrowers in Fresno continue to be denied access to mortgages.
For people of color, banks are shutting the door to homeownership. African Americans faced the most resistance in Southern cities – Mobile, Alabama; Greenville, North Carolina; and Gainesville, Florida – and Latinos in Iowa City, Iowa.
A report by the Colorado Public Safety Department found that arrest rates for African-American and Latino juveniles increased after legalization, while the rate for white juveniles went down.
Noting these facts, Congress directed the FTC to submit a report. The FTC's strategy to reduce fraud in African American and Latino. from consumers' bank accounts disproportionately injured consumers in. about African Americans being denied mortgages; debt collectors.. unfair advertisements.
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