MAPS REVEAL STARK INEQUITIES IN MORTGAGE LENDING BASED ON RACE IN NYC

WASHINGTON, D.C. – January 31, 2014 – (RealEstateRama) — The maps show unequal lending patterns based on the racial composition of communities in New York City, controlling for the number of owner-occupied units in each neighborhood. New Yorkers who live in predominantly white neighborhoods on average receive twice as many conventional home purchase loans as New Yorkers who live in predominantly black or Latino neighborhoods, for every 100 owner-occupied housing units in the neighborhood.


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