For individuals of color, banking institutions are shutting the home to homeownership. Top Posts

For individuals of color, banking institutions are shutting the home to homeownership. Top Posts

The Pentagon Papers: Secrets, lies and leaks

Unmasking the key landlords buying up America

Behind the Smiles

Fifty years following the federal Fair Housing Act banned discrimination that is racial financing, African People in america and Latinos keep on being routinely rejected traditional home mortgages at prices far greater than their white counterparts.

This redlining that is modern-day in 61 metro areas even if controlling for applicants’ earnings, loan quantity and community, based on a hill of home loan Disclosure Act documents analyzed by show from The Center for Investigative Reporting.

The analysis that is yearlong centered on 31 million documents, relied on techniques utilized by leading academics, the Federal Reserve and Department of Justice to determine lending disparities. Continua a leggere