Mortgage lenders are significantly more likely to deny same-sex couples a home loan and charge them more for it when they do, a new study has found. Gay couples were 73 percent more likely to be denied a mortgage than heterosexual couples with the same financial worthiness.
Minority homebuyers face widespread statistical lending discrimination, study finds
A Berkeley study has found that both online and face-to-face lenders charge higher interest rates to African American and Latino borrowers, earning 11 to 17 percent higher profits on such loans. All told, those homebuyers pay up to half a billion dollars more in interest every year than white borrowers with comparable credit scores do. Read more
Study: Race still a major factor in mortgage lending
A new study released this week by the National Community Reinvestment Coalition shows that race is still a significant factor in mortgage lending in two major U.S. metro areas. The study found that more mortgage lending is done in primarily white neighborhoods compared to minority neighborhoods. Read more
Researchers Combat Gender and Racial Bias in Artificial Intelligence
More than two decades after a landmark study showed a pattern of lending discrimination against minorities, black and Latino borrowers in Massachusetts continue to be rejected for home mortgages at much higher rates than whites, according to a new analysis of loan records. Read more
For people of color, banks are shutting the door to homeownership
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
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