Today
Today
Reaping the Rewards of Racial Preference


A typical white family today has on average eight times the net worth of a typical African American family, according to economist Edward Wolff.
Mortgage Lending Discrimination Today: ACCESS


Mortgage discrimination testing revealed differences in treatment that disadvantaged homebuyers of color 45% of the time.1 Upper income African Americans are 8 times more likely to have high cost loans than their white counterparts.2 The presence of high-risk lenders is 3.7 greater in minority neighborhoods than in white neighborhoods.3 Upper and middle income African Americans and Latinos are 10 times more likely to have high cost loans that low income whites.4
- FHCGB Audit 2005-2006
- MA Community Banking Council
- Paying More for the American Dream, 2008
- MA Community Banking Council
Redlining Today: What Form Does Discrimination Take?


African Americans and Latinos are discriminated against when in the market to purchase a home, according to 2004 & 2005 audits; still 60% more likely than whites to be turned down for a loan, even after controlling for employment, financial, and neighborhood factors. According to the Census, whites are more likely to be segregated than any other group. As recently as 1993, 86% of suburban whites still lived in neighborhoods with a black population of less than 1%.