The red line: Racial disparities in lending
It’s been 10 years since the great housing bust and lending is back. Not everyone is getting a fair shot at getting a loan. In dozens of cities across the country, lenders are more likely to deny loans to applicants of color than white ones – even when you take into account how much money they make and how much they want to borrow.
This type of housing discrimination was outlawed 50 years ago but it’s making a comeback. On this episode of Reveal, we dig into the new redlining.
This episode features an interactive text-messaging tool that allows you to learn more about who gets conventional home loans where you live. To get started, text HOME to 202-873-8325.
Head over to revealnews.org for more of our reporting.
And to see some of what you’re hearing, we’re also on Instagram @revealnews.
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