Tuesday , 29 September 2020

‘American Dream’ Less Accessible to Black Loan Applicants

Despite a recent climb in home ownership by black Americans, new data shows lenders deny black loan applicants at a rate 80% higher than their white peers. Starting in the 1930s, a practice called “redlining” widely denied mortgages in neighborhoods deemed “hazardous,” which were predominantly non-white. Though outlawed in 1968 as part of the Fair …

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