The settlement stems from Toyota dealerships charging certain nonwhite customers higher interest rates on their auto
loans than white customers.
After controlling for other factors, Faber found black applicants were 2.8 times more likely to be denied
loans than white applicants, while Latino applicants were twice as likely to be denied.
Studies have shown that women are more likely than men to have subprime mortgages, and Black and Latina women have more subprime home
loans than white women.
It said an internal review of its lending patterns found that, after taking into account creditworthiness, its black and Latino applicants were no more likely to be denied
loans than white applicants.
The analysis is part of Reveal's ongoing coverage of modern - day redlining in America, which found 61 metro area s, from Jacksonville, Florida to Tacoma, Washington, where people of color were significantly more likely to be denied a conventional home
loan than their white counterparts.
For applicants that qualified for loans, black and Latino applicants were 2.2 times more likely to receive a subprime
loan than white applicants.
Denver's numbers mirror the national trend — nationwide, black and Hispanic borrowers were about twice as likely to be denied a conventional
loan than white borrowers, according to HMDA data.
Not exact matches
The real estate scion - turned -
White House advisor also failed to report
loans totaling at least $ 1 billion from more
than 20 lenders to properties and companies he co-owns.
Latinos should be proud that it's harder for them to get a bank
loan, and that the SBA has more trouble reaching them
than, say,
white folk.
«You see a higher share of people with student
loan debt in predominately non-
white areas
than white areas.»
It showed Berkshire Hathaway's mortgage companies took in a far greater proportion of their conventional
loan applications from
white homebuyers
than their competitors in its largest markets in 2015 and 2016.
To be clear, other
than the size of the
loan — which is way out of the normal range for a typical Apollo
loan — nothing on its face suggests anything nefarious... but at the very least, there are some ethical questions with Kushner using the
White House as a place to have meetings with people that then turn around and invest in Kushner's private business ventures.
No fewer
than 12 Tottenham Hotspur players are currently plying their trade away from
White Hart Lane on
loan deals that expire at the end of the season.
Having spent the second half of last season on
loan at Ipswich Town and featured in nothing more prestigious
than the League Cup for Spurs this season, the Mexican midfielder is about as popular with Harry Redknapp as a Jermain Defoe stamp on Aaron Mokoena and will probably be the latest player to travel the well - worn furrow between
White Hart Lane and Fratton Park.
The acting director of the Office of Government Ethics said in a letter to a Democratic member of Congress that the
White House Counsel's office is looking into whether Jared Kushner violated any laws when he met with business entities which later
loaned more
than $ 500 million to his company.
Black graduates are much more likely to experience negative amortization (interest accumulating faster
than payments received): nearly half (48 percent) of black graduates see their undergraduate
loan balances grow after graduation, compared to just 17 percent of
white graduates.
Four years after earning a bachelor's degree, black graduates in the 2008 cohort held $ 24,720 more student
loan debt
than white graduates ($ 52,726 versus $ 28,006), on average.
The
White House said the plan would immediately offer lower rates to 11 million borrowers and save the typical undergraduate more
than $ 1,500 over the life of the
loans.
Black young adults were found to be more likely to have student
loans after college and their debt - to - income ratios were greater
than white young adults.
On average, Non-
White testers who experienced discrimination would have paid an average of $ 2,662.56 more over the life of the
loan than less - qualified
White testers.
American Student Assistance and Salt Promote Income Driven Repayment to More
Than 1 Million Student
Loan Borrowers as Part of
White House Student Debt Challenge
According to a report released by the
White House, those who dropped out of college after taking out small student
loans have a harder time repaying their debt
than those who took out thousands of dollars in
loans.
Spitzer sent letters of inquiry to mortgage providers including Citigroup Inc, HSBC Holdings Plc, JPMorgan Chase & Co and Wells Fargo & Co in response to data he said appeared to show a significantly higher percentage of high - interest home mortgage
loans issued to black and Hispanic borrowers
than to
white borrowers.
For example, 13 % more
white college graduates
than asian graduates think their
loans have negatively impacted their retirement savings.
The
White House is investigating two
loans worth more
than $ 500 million that were provided to Jared Kushner's family business, the private real estate firm founded by his father, according to the Wall Street Journal.
The group includes in the filing a study that found African - Americans living in the Detroit area were 70 percent more likely to wind up with a subprime
loan than were
white borrowers with similar financial characteristics.
By Aaron Glantz and Emmanuel Martinez Reveal from The Center for Investigative Reporting Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage
loans at rates far higher
than their
white counterparts.
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage
loans at rates far higher
than their
white counterparts.
More
than three times as many black households as
white relied on subprime
loans to buy their home in 2004, Home Mortgage Disclosure Act data collected by the Federal Reserve indicates.