Nov
16
Study Strongly Links Baltimore Mortgage Denials to Race
By
A block in Baltimore. A new report says the racial makeup of the city’s neighborhoods is the most significant predictor of whether a mortgage is made. CreditGabriella Demczuk for The New York Times
The black population of Baltimore is double that of the white population. Yet in 2013, banks made more than twice as many mortgage loans to whites in the city as they did to blacks.
The stark difference in mortgage lending, derived from the most recent government mortgage data, is the focus of a new study that will be released on Tuesday by the National Community Reinvestment Coalition, a consumer advocacy group…
Study Strongly Links Baltimore Mortgage Denials to Race
