HUD: 'Room For Improvement' In Mortgage Process

A majority of people inquiring about a home loan receive equal treatment but there is still room for improvement in the number of minorities facing discrimination by mortgage lending institutions, according to a new report released by HUD.

1 minute read

May 3, 2002, 7:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

The Urban Institute conducted the study for HUD, titled All Other Things Being Equal: A Paired Testing Study of Mortgage Lending Institutions based on data collected in tests done in Los Angeles and Chicago in the spring and summer of 2000. The study found that, "In the majority of cases, minorities and whites received equal treatment, or when differences occurred, they were equally likely to favor the minority as the white."However, the Urban Institute researchers also found that "paired testing revealed statistically significant patterns of unequal treatment that systematically favor whites."

Thanks to Abhijeet Chavan

FULL STORY: HUD No. 02-047

Thursday, May 2, 2002 in HUD News

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.