Banks unfairly deny mortgages to African-Americans and Latinos – report

PHILADELPHIA – Jonathan Jacobs had almost no savings, a modest income and a credit report. Mortgage Disclosure Act and found 61 metro areas across America where people of color – African Americans,

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As an example, the report offered that New Jersey-based TD Bank, which denied a higher proportion of black and Latino applicants than any other major lender, said it “makes credit decisions based on each customer’s credit profile, not on factors such as race or ethnicity.”

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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.

READ THE INVESTIGATION: For people of color, banks are shutting the door to homeownership. 61: Number of metro areas across the country where African-Americans and Latinos are routinely denied.

Banks unfairly deny mortgages to African-Americans and Latinos – report Law enforcement officials had entered Mozie’s bedroom to arrest her over a $1,500 federal student loan she took out in 1986 to pay for truck-driving school.

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.

According to Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas, a report just. banks gave mortgages to. yet Black people are denied mortgages in a wholesale fashion

Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion.. Instances of mortgage discrimination occurred in United States inner city neighborhoods from the 1930s and there is evidence that the practice continues to a.

Since banks. loans went to African-Americans and 3 percent to Latinos. This month, the Comptroller’s Office met with the American Bankers Association at the Treasury Department to get their.

The report found African-Americans were nearly four times more likely than whites to be arrested for cannabis possession. That study did not report Latino arrests because. saying they had been.

Cuts to federal student loans for graduate and professional students could be devastating to African-Americans and. would impede access for Blacks, Hispanics and other underrepresented groups,