Despite a recent climb in home ownership by black Americans, new data shows lenders deny black loan applicants at a rate 80% higher than their white peers. Starting in the 1930s, a practice called “redlining” widely denied mortgages in neighborhoods deemed “hazardous,” which were predominantly non-white. Though outlawed in 1968 as part of the Fair …
The post ‘American Dream’ Less Accessible to Black Loan Applicants appeared first on DSNews.
Source: DS News