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Blacks Still Shortchanged in Mortgage Market

Wednesday, September 28, 2016
Charlene Crowell | Black Press USA
Nikitra Bailey
Charlene Crowell

“These stark disparities in mortgage lending to borrowers of color and low-wealth families occur to the very people hardest hit by abusive lending and the foreclosure crisis. These disparities also come at a time when our nation’s demographics are changing,” said Nikitra Bailey, executive vice president with the Center for Responsible Lending. “The future health of our mortgage market, a major driver of the economy, relies on closing these gaps.”