Kept out: How banks block people of color from homeownership
PHILADELPHIA (AP) — Housing discrimination has been illegal for 50 years and yet, across America, African Americans and Latinos are being turned away by mortgage lenders more often than whites. This happens even when they make as much money as whites, are trying to take out the same size loan or buy in the same neighborhood.
This is according to a yearlong investigation out today by Reveal from The Center for Investigative Reporting, a nonprofit newsroom on the West Coast. Reveal combed through 31 million mortgage records and found people of color routinely denied home loans in 61 metros - from Philadelphia to Tacoma; Detroit to Jacksonville, Florida; Atlanta to Santa Fe.
You can find out how things stack up in your neighborhood. Just text the word “LOAN” to 202-873-8325.