Institutional Racism in Mortgage Loans?

Here is a good example of institutionalized racism in banks’ lending practices. Usually to receive a mortgage loan you have to at least be working class. But even when black applicants have decent jobs, their loan applications are turned down 14% more often than those of white applicants. This is happening now in Baltimore where 63% of its residents are black, but it’s probably a safe bet that it’s happening in many other places in the U.S.

Read the full article in the Guardian

 

Leave a Reply

Your email address will not be published.