Fair Housing for All

The study, based on Home Mortgage Disclosure Act (HMDA) data finds that:

• Income is No Insurance Against Mortgage Lending Disparities for People of Color

• People of Color Are More Likely to Apply at a Subprime Lender Than Whites

• People of Color, Even if They Are High Income, Are Much More Likely to Receive

  Subprime Loans Than Whites, Even Very Low Income Whites

• Segregation Creates Unequal Access to Prime Lenders

• Unequal Access to Prime Lenders Contributes to Higher Denial Rates for People of Color

• Even When People of Color Access Prime Lenders, They Are More likely to be Denied Mortgage Loans

• Fair Lending Laws Have Not Been Enforced

• Subprime Lending Disparities Became Foreclosure Disparities