Racial Discrimination Still Prevalent in Mortgage Loans
New analysis by Reveal from the Center for Investigative Reporting shows that African Americans and Latinos continue to be denied conventional mortgage loans at rates higher than similar white applicants. A map included with the article indicates that one metro-area where this problem is particularly noticeable is Camden, NJ. The analysis, based on records publicly available under the Home Mortgage Disclosure Act, shows that black applicants were denied mortgage loans at significantly higher rates than counterpart white applicants in 48 cities, Latino applicants in 25 cities, Asian applicants in nine cities, and Native American applicants in three cities.
