https://democracynow.org – A shocking new investigation by Reveal and the Center for Investigative Reporting has uncovered evidence that African Americans and Latinos are continuing to be.
HUD TO INVESTIGATE ALLEGATIONS THAT 22 BANKS AND MORTGAGE LENDERS DISCRIMINATE AGAINST AFRICAN AMERICAN AND LATINO LOAN SEEKERS. WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it is launching multiple investigations into the practices of certain mortgage lenders to determine if their home loan policies illegally deny qualified African American and Latino.
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Across America, nearly two-thirds of mortgage lenders denied home loans for people of color at higher rates than for white people. But among the 6,600 U.S. lenders, some banks stood out for.
In 2016, black applicants in the Dayton metro area were 2.1 times. the online platform of The Center for Investigative Reporting.. for bank lending because of the presence of African-Americans or European immigrants, especially Jews. Latinos are routinely denied conventional mortgage loans at rates.
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A report from the Center for Investigative Journalism, a nonprofit organization founded in 1977, revealed that many banks are still refusing loans to African Americans and Latinos of good credit standing relative to the number of loans granted Whites of the same standing. The banks contacted denied any discrimination.
(Sarah Blesener / reveal) fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and latinos. purchase loans, refinancing and home equity lines of.
Capital One has agreed to pay $2.85 million in damages to settle allegations that Chevy Chase Bank – which it purchased in 2009 – charged African American and Hispanic mortgage. by the unfair.
The NAACP published a report last year that graded the five largest banks on their inclusion of african americans. subprime mortgages to African American and other minority borrowers, leading to.
· Capital One has agreed to pay $2.85 million in damages to settle allegations that Chevy Chase Bank – which it purchased in 2009 – charged African American and Hispanic mortgage seekers higher.