NAACP: Banks forced Blacks into sub-prime loans

March 2009
Minnesota Spokesman-Recorder;3/26/2009, Vol. 74 Issue 34, p1
The article reports on the accusation of the National Association for the Advancement of Colored People (NAACP) to Wells Fargo & Co. and HSBC Bank USA NA regarding the banks' pressure to African American people into sub-prime mortgages while White Americans with the same qualifications received lower rates in the U.S.


Related Articles

  • Reverse Redlining Cause for Concern. Sichelman, Lew // National Mortgage News;4/29/2002, Vol. 26 Issue 31, p11 

    Focuses on the issue of reverse redlining on mortgage companies in Phoenix, Arizona. Complaints of the lenders; Regulation of loans; Opinion of the lenders on redlining issue.

  • The Suburban Origins of Redlining: A Canadian Case Study, 1935-54.  // Urban Studies (Routledge);Dec2003, Vol. 40 Issue 13, p2661 

    Redlining occurs when institutions decline to make mortgage loans in specific areas. The practice originated in the 1930s, when federal agencies encouraged lenders to rate neighbourhoods for mortgage risk. Since the 1960s, especially in the US, it has been associated with disinvestment, racial...

  • What types of neighbourhoods are redlined? Manuel Aalbers // Journal of Housing & the Built Environment;Jun2007, Vol. 22 Issue 2, p177 

    Abstract  This paper presents a case study of lending behaviour in the city of Rotterdam, the Netherlands. It shows what types of neighbourhoods are redlined by analyzing redlining data of the two largest suppliers of mortgage loans and comparing it to social-demographic and housing market...

  • Report cites racist bank policies; citibank worse offender. Browne, J. Zamgba // New York Amsterdam News;10/09/97, Vol. 88 Issue 41, p5 

    Focuses on a published report which alleged widespread discrimination among a number of banks against Blacks and Hispanics seeking home mortgage loans in New York City. Comments from Reverend Al Sharpton; Who the report was prepared by; Number of banks surveyed in the report; What was revealed...

  • ACORN Study Finds Racial Lending Gaps in Large Metropolitan Regions. Dymi, Amilda // National Mortgage News;10/16/2000, Vol. 25 Issue 4, p10 

    Reports on the highlights of a study by the Association of Community Organizations for Reform Now (ACORN) on the lending activity of United States financial institutions. Data from the Federal Financial Institutions Examination Council; Racial discrimination in home loan lending in metropolitan...

  • Comments on "Race, Redlining, and Residential Mortgage Loan Performance" Capozza, Dennis R. // Journal of Real Estate Finance & Economics;Nov1994, Vol. 9 Issue 3, p295 

    This article presents the author's comments about the article "Race, Redlining, and Residential Mortgage Loan Performance," by James A. Berkovec, Glenn B. Canner, Stuart A. Gabriel, and Timothy H. Hannan, published in the present issue of the "Journal of Real Estate Finance and Economics." The...

  • Housing Loan Patterns Toward Minority Borrowers in Mississippi: Analysis of Some Micro Data Evidence of Redlining. Ezeala-Harrison, Fidel; Glover, Glenda; Shaw-Jackson, Jane // Review of Black Political Economy;Spring2008, Vol. 35 Issue 1, p43 

    We apply a cross-regional probit analysis to examine the existence or otherwise of the discriminatory practice of “redlining” in housing loan lending practices of banks in Mississippi. Data on loan denial rates across three Mississippi regions of Tri-County Metro-Jackson, Southern...

  • What do we know about racial discrimination in mortgage markets? Cloud, Cathy; Galster, George // Review of Black Political Economy;Summer93, Vol. 22 Issue 1, p102 

    Examines racial discrimination in the American mortgage lending industry. Racial discrimination in mortgage markets backdrop; Statistical research into outcomes of the lending process; Administrative and legal evidence of discrimination in lending and appraisal practices; Impact of disparity.

  • REDLINING. Roark, Bill; Roark, Ryan // Concise Encyclopedia of Real Estate Business Terms;2006, p121 

    A definition of the term "redlining" is presented. It refers to the act of refusing to sell property to any qualified buyer in certain areas. The practice has become illegal by federal laws, but it amounted to blatant discrimination before such federal laws were enacted. Redlining is also...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics