Appelbaum, Binyamin, <br/><br/>
Lenders Draw Fire for High Number of High-Rate Loans for Minorities. 
Binyamin Appelbaum and others. 
 -  Charlotte Observer,  2005. 
 - SIRS Enduring Issues 2006.  Article 40,  Human Relations,  1522-3248; .
<br/><br/> Articles Contained in SIRS Enduring Issues 2006.  Originally Published: Lenders Draw Fire for High Number of High-Rate Loans for Minorities, Aug. 29, 2005; pp. n.p.. 
<br/><br/> "There are two mortgage lending industries. Traditional lenders, including Bank of America Corp. and Wachovia Corp., still make 9 in 10 home purchase loans in America. But over the last decade, several million people bought homes with loans from a new industry. These lenders charge higher interest rates that cost on average tens of thousands of dollars more than a bank loan. That can be the best option for people who don't qualify for a traditional loan. But community advocates and federal agencies say some people got high rates because the traditional industry failed to make market-rate loans available--particularly in minority neighborhoods." (CHARLOTTE OBSERVER) This article examines how traditional lenders are ignoring minority communities who are instead served by brokers charging higher rates. 
<br/><br/><label>ISSN: </label>1522-3248; 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Debtor and creditor<br/>Discrimination in mortgage loans<br/>Foreclosure<br/>Homeowners--Statistics<br/>Interest rates<br/>Loan servicing--Corrupt practices<br/>Minorities--Housing<br/>Mortgage banks<br/>Mortgage brokers
<br/><br/><label>LC Class. No.: </label>AC1.S5 
<br/><br/><label>Dewey Class. No.: </label>050