Report Finds FHA and VA Lending Disproportionately Prevalent in Neighborhoods of Color

WASHINGTON, D.C. – July 19, 2012 – (RealEstateRama) — Leading community organizations, including Chicago’s Woodstock Institute, report evidence today of a two-tiered mortgage market characterized by high rates of government-backed loans made both to borrowers in communities of color and to borrowers of color in their new report, “Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending.”