Modern-Day Redlining: Banks Face Probes for Refusing Home Loans for People of Color
February 27, 2018
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10:57Now PlayingModern-Day Redlining: Banks Face Probes for Refusing Home Loans for People of Color
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as posted by the channelA shocking new investigation by Reveal and the Center for Investigative Reporting has uncovered evidence that African Americans and Latinos continue to be routinely denied conventional mortgage loans, even at rates far higher than their white counterparts, across the country. According to the piece, the homeownership gap between whites and African Americans is now wider than it was during the Jim Crow era. Reveal based its report on a review of 31 million mortgage records filed with the federal government in 2015 and 2016. The investigation found the redlining occurring across the country, including in Washington, D.C., Atlanta, Detroit, Philadelphia, St. Louis, and San Antonio, Texas. Since its publication earlier this month, the report has sparked national outrage and, in some states, unusually swift political action. Pennsylvania’s attorney general and state treasurer have both launched investigations into redlining in Philadelphia. We speak to Pennsylvania state Senator Vincent Hughes and Aaron Glantz, senior reporter at Reveal from The Center for Investigative Reporting. His new investigation is headlined “Kept outHow banks block people of color from homeownership.”
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