For individuals of color, banking institutions are shutting the home to homeownership. Top Articles

For individuals of color, banking institutions are shutting the home to homeownership. Top Articles

The Pentagon Papers: Secrets, lies and leakages

Unmasking the landlords that are secret up America

Behind the Smiles

Fifty years after the federal Fair Housing Act banned discrimination that is racial financing, African People in the us and Latinos continue being regularly rejected mainstream home loans at prices far greater than their white counterparts.

This modern-day redlining persisted in 61 metro areas even though managing for applicants’ earnings, loan amount and neighbor hood, based on a hill of home loan Disclosure Act documents analyzed by show from The Center for Investigative Reporting.

The analysis that is yearlong according to 31 million documents, relied on methods utilized by leading academics, the Federal Reserve and Department of Justice to spot lending disparities.

It discovered a pattern of troubling denials for individuals of color around the world, including in major urban centers such as Atlanta, Detroit, Philadelphia, St. Louis and San Antonio. African Us citizens encountered the many resistance in Southern towns – Mobile, Alabama; Greenville, vermont; and Gainesville, Florida – and Latinos in Iowa City, Iowa.

Modern-Day Redlining

Regardless of their location, loan candidates told comparable tales, explaining an uphill fight with loan officers whom they said appeared to be fishing for a explanation to say no. Keep reading →