Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending

This report finds evidence of a two-tiered mortgage market characterized by high rates of FHA and VA loans made both to borrowers in communities of color and to borrowers of color.

The report analyzes 2010 HMDA data on home purchase and refinance lending by loan type in seven metropolitan areas: Boston, Charlotte, Chicago, Cleveland, Los Angeles, New York City, and Rochester, NY. The report concludes with recommendations to promote fair lending and access to sustainable credit in communities of color.


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