Federal Fair Housing Act

Kept out: How banks block people of color from homeownership

PHILADELPHIA/February 15, 2018 (AP)(STLRealEstate.News) — 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 higher than their white counterparts. This modern-day redlining persisted in 61 metro areas even when controlling for applicants’ income, loan amount and neighborhood, … Continue reading Kept out: How banks block people of color from homeownership