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On Anniversary of Passage of Voting Rights for Women, New Report Details Experience of Minority Women in the Subprime Lending Market and Disparate Treatment by Race
June 4, 200990 years after the passage of the 19th amendment by Congress, a new report for the National Council of Negro Women researched by the National Community Reinvestment Coalition (NCRC) shows that African-American and Latino women continue to receive disparate treatment in the mortgage lending process. The report, Assessing the Double Burden: Examining Racial and Gender Disparities in Mortgage Lending, demonstrates that minorities continue to be much more likely to receive high-cost home mortgage loans than their white counterparts. In many instances, disparities by race widened as income levels increased, one of many indicators that discrimination remains a reality in home mortgage lending, as reports by the Federal Reserve and others have documented. Full release.