Mortgage Disclosures
1992-05-07T21:51:37-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODM4XC8xOTkyMDUwNzIxNTYzMTAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The House Banking, Finance and Urban Affairs subcommittees on Consumer Affairs and Housing and Urban Development heard testimony on discrepancies in the granting of mortgages to applicants of different races. Statistics derived from information filed by lending institutions to the Federal Reserve, which is required to be made public by amendments to the Federal Home Mortgage Disclosure Act, showed that minority mortgage applicants are rejected twice as often as non-minority applicants. Witnesses included minority mortgage applicants and lending institution officials.
The House Banking, Finance and Urban Affairs subcommittees on Consumer Affairs and Housing and Urban Development heard testimony on discrepa… read more
The House Banking, Finance and Urban Affairs subcommittees on Consumer Affairs and Housing and Urban Development heard testimony on discrepancies in the granting of mortgages to applicants of different races. Statistics derived from information filed by lending institutions to the Federal Reserve, which is required to be made public by amendments to the Federal Home Mortgage Disclosure Act, showed that minority mortgage applicants are rejected twice as often as non-minority applicants. Witnesses included minority mortgage applicants and lending institution officials. close
People in this video
- Willard Brown St. Louis, MO
- Gail Cincotta Co-Founder and Exec. Dir. National Training and Information Center
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- Gilda Haas Representative Communities for Accountable Reinvestment
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- Mathabo Kunene Resident Los Angeles, CA
- Donald Martin Vice President The New Republic->Washington, DC
- Shanna L. Smith Representative National Fair Housing Alliance
- Warren Smith President Boston Bank of Commerce
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