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Real Estate & Property Law

: Housing Wire

NY Fed Study Debunks ?Reverse Redlining?

By PAUL JACKSON

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Did lenders target minorities with higher-cost loans, relative to their white counterparts? Consumer advocates have long trumpeted this as fact, using studies commissioned by their own staff and publicly-available data via the Home Mortgage Disclosure Act to allege that banks routinely and deliberately offered disparate terms to minority borrowers. And legislators have taken these findings at face value, [...]

Full post as published by Housing Wire on April 02, 2009 (boomark / email).

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