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Resource ID: #4705
Subject: Mortgages
Source: Atlanta Journal-Constitution
Affiliation: 
Date: throughout 1988

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Description

Atlanta Journal-Constitution conducts computer-assisted study of federal records of loans by banks and savings and loan associations, finding discrimination against city's middle-income blacks in home loans, business loans and bank services compared to whites of similar income levels. The investigation also finds poor federal enforcement of the Community Reinvestment Act and Equal Credit Opportunity Act and finds S&Ls nationwide reject black loan applicants twice as often as whites. It is also disclosed that Citicorp and others avoid soliciting black real estate agents.

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