The IRE Resource Center is a major research library containing more than 27,000 investigative stories.
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Search results for "Federal Housing Authority" ...
A 2008 analysis of more than half a million home loan applications in the Dayton, Ohio, region revealed that blacks with higher incomes were denied home loans, while lower-income whites were not. The report also found that blacks were more likely to receive "high-cost loans" than whites. The real estate market denies redlining practices that were made illegal "in 1977 by the federal Community Reinvestment Act."
Investigation into the HUD loan program 203(k) for nonprofit organizations to purchase and fix-up run-down housing for resale. Johnson found a wide-open opportunity for speculators to purchase inexpensive buildings and immediately resell them at inflated prices to nonprofits. The story concludes that the program's flaw is a lack of HUD oversight, which leaves policing to appraisers and mortgage lenders who have few incentives to act responsibly.