Post by the Scribe on Jul 19, 2020 23:10:17 GMT
February 23rd, 2019•50:57
The red line: Racial disparities in lending (Rebroadcast)
radiopublic.com/Reveal/s1!26d41
play.google.com/music/listen?u=0#/ps/Iwzomzopcxsphh3qyvarhxecxye
play.google.com/music/m/Divf3hbhoqskcgfvr7dwks62aea?t=The_red_line_Racial_disparities_in_lending_Rebroadcast-Reveal
It’s been 10 years since the great housing bust and lending is back for some Americans, but not for others. In dozens of cities across the country, lenders are more likely to deny loans to applicants of color than white ones.
On this episode of Reveal, we dig into the new redlining.
KEPT OUT
Is this the new redlining? How people of color are being shut out of buying homes
Black and Latino applicants across the country are being rejected for mortgages at much higher rates than whites, and their race seems to play a role.
HOUSING
Politicians express outrage about lending disparities
At the national and state levels, they vow to ensure people of color get equal access to home loans and the public gets access to lending information.
Gentrification became low-income lending law’s unintended consequence
A 1977 law, designed to correct redlining, didn’t anticipate a day when historically black neighborhoods would be sought by young white homebuyers.
How a gaping loophole in a landmark law is fueling gentrification
Financial institutions are fueling gentrification in low-income neighborhoods while getting credit for helping the poor.
KEPT OUT
For people of color, banks are shutting the door to homeownership
Reveal’s analysis of mortgage data found evidence of modern-day redlining in 61 metro areas across the country.
www.revealnews.org/?s=The%20red%20line:%20Racial%20disparities%20in%20lending
Is this the new redlining? How people of color are being shut out of buying homes
Black and Latino applicants across the country are being rejected for mortgages at much higher rates than whites, and their race seems to play a role.
HOUSING
Politicians express outrage about lending disparities
At the national and state levels, they vow to ensure people of color get equal access to home loans and the public gets access to lending information.
Gentrification became low-income lending law’s unintended consequence
A 1977 law, designed to correct redlining, didn’t anticipate a day when historically black neighborhoods would be sought by young white homebuyers.
How a gaping loophole in a landmark law is fueling gentrification
Financial institutions are fueling gentrification in low-income neighborhoods while getting credit for helping the poor.
KEPT OUT
For people of color, banks are shutting the door to homeownership
Reveal’s analysis of mortgage data found evidence of modern-day redlining in 61 metro areas across the country.
www.revealnews.org/?s=The%20red%20line:%20Racial%20disparities%20in%20lending