Blacks 4 Times More Likely to Pay High Interest Than Whites: Analysis. Binyamin Appelbaum and Ted Mellnik.
by Applebaum, Binyamin; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 40Human Relations. Publisher: Charlotte Observer, 2005ISSN: 1522-3248;.Subject(s): African American neighborhoods | African Americans -- Economic conditions | Discrimination in housing | Discrimination in mortgage loans | Hispanic Americans -- Economic conditions | Interest rates | Loan servicing -- Corrupt practices | Race discriminationDDC classification: 050 Summary: "Blacks who bought homes in communities across America last year [2004] were four times as likely as whites to get high interest rates for mortgage loans, according to a Charlotte Observer analysis of records from 25 of the nation's largest lenders." (CHARLOTTE OBSERVER) This article reveals how African Americans often face racial discrimination when getting home loans, noting "federal studies of the lending industry, and federal lawsuits, have repeatedly focused on evidence of discrimination in the lending process."| Item type | Current location | Call number | Status | Date due |
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| REF SIRS 2006 Human Relations Article 38 In Search of a Right. | REF SIRS 2006 Human Relations Article 39 The Newest Indians. | REF SIRS 2006 Human Relations Article 4 Trust in Decline?. | REF SIRS 2006 Human Relations Article 40 Blacks 4 Times More Likely to Pay High Interest Than Whites: Analysis. | REF SIRS 2006 Human Relations Article 40 Lenders Draw Fire for High Number of High-Rate Loans for Minorities. | REF SIRS 2006 Human Relations Article 40 Many Lenders Are Not Banks, Not Carefully Monitored. | REF SIRS 2006 Human Relations Article 41 The Forgotten Lessons of Helsinki: Human Rights and U.S.-North.... |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Blacks 4 Times More Likely to Pay High Interest Than Whites: Analysis, Aug. 28, 2005; pp. n.p..
"Blacks who bought homes in communities across America last year [2004] were four times as likely as whites to get high interest rates for mortgage loans, according to a Charlotte Observer analysis of records from 25 of the nation's largest lenders." (CHARLOTTE OBSERVER) This article reveals how African Americans often face racial discrimination when getting home loans, noting "federal studies of the lending industry, and federal lawsuits, have repeatedly focused on evidence of discrimination in the lending process."
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