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Resource ID: #15493
Subject: Housing
Source: Detroit News
Affiliation: 
Date: 7-Feb-99

Description

The Detroit News investigates the lending practices of area banks. The results show that a racial bias exists among many financial institutions causing blacks to receive far fewer loans than whites. The investigation also reveals that although well-off blacks are often denied mortgages, poor whites are refused loans nearly twice as often as poor blacks.

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