Report: Home Ownership and Wealth Building Impeded (2006)

Continuing Lending Disparities for Minorities and Emerging Obstacles for Middle-Income and Female Borrowers of All Races

Using the home loan data available for the year 2004, this study reveals persistent fair lending disparities for minorities and emerging obstacles for middle-income and female borrowers of all racial groups.  Fair access to affordable loans has not been achieved for minorities.  Instead, minorities continue to receive a disproportionate number of high cost home loans and subprime mortgages.  In addition, the study reveals that middle-income and female borrowers of all racial groups have difficulties securing affordable home loans and receive a surprisingly high number of high cost loans.  The unequal access to affordable loans also confronts middle-income borrowers who reside in minority neighborhoods or communities with large numbers of immigrants.

Written with the Poverty & Race Research Action Council and the National Community Reinvestment Coalition (NCRC).