|Posted by Jerrald J President on March 2, 2018 at 10:15 AM|
Redlining 21st century style!!! By JJP
Is this the new redlining? How people of color are being shut out of buying homes
Ten years after the economic recession, credit has returned for most Americans. By 2016, the number of conventional mortgages had risen 95 percent since the housing bust. But Reveal’s yearlong investigation found that some Americans are being left out of this economic prosperity. Reporters Aaron Glantz and Emmanuel Martinez analyzed 31 million mortgage records and determined that people are color are being systematically denied home mortgages in 61 metro areas across the country.
Part one of a two-part series with PBS NewsHour takes a closer look at how this plays out in Philadelphia, one of the largest cities in America where African Americans were disproportionately turned away.