Industry NewsMortgage

Study: Wealth no protection from discriminatory lending

NCRC calls for Congress to enact tougher laws
Published on Jul 31, 2008

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by CareyBot

An analysis of mortgage lending patterns in 2006 reveals that minorities were more likely to get high-cost loans than whites, and that the problem was even more pronounced as income levels increased. The analysis, by the National Community Reinvestment Coalition, ...