The Hard Truth In Lending

Number 22110
Subject Mortgages
Source Observer (Charlotte, N.C.)
State NC
Year 2005
Publication Date August 28 - August 30, 2005
Summary This three-day series looked at many facets of home lending. The reporters used mortgage loan data from 25 top lenders to show that blacks who bought homes in communities across America in 2004 were four times as likely as whites to get high interest rates for mortgage loans. The interest rate disparities occurred even when blacks had substantially higher incomes.
Category
Pages 31
Keywords mortgage;mortgage lending;loans;loan pricing;lending;interest rates;home purchases;finance;discrimination;Charlotte
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