Monday, February 26, 2018

MORTGAGES - The Struggle of Minorities

"Struggle for black and Latino mortgage applicants suggests modern-day redlining" (Part 1) PBS NewsHour 2/15/2018

Excerpt

SUMMARY:  Ten years since the economic recession, lending has returned for many Americans.  Yet the gap between white and black home-ownership is wider now than it was in 1960, with signs of modern-day redlining showing up across the country.  Special correspondent Aaron Glantz reports as part of a year-long investigation by Reveal from The Center for Investigative Reporting.




"How a legal loophole benefits neighborhood newcomers while leaving longtime residents behind" (Part 2) PBS NewsHour 2/19/2018

Excerpt

SUMMARY:  Since banks constricted credit after the 2008 housing bust, they have been slowly increasing the amount they’re lending.  But this economic prosperity has not reached everyone.  Watch part two of a two-part series by Aaron Glantz of Reveal.

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