Stories

The IRE Resource Center is a major research library containing more than 27,000 investigative stories.

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Search results for "Home Mortgage Disclosure Act" ...

  • "Racial disparities in home lending"

    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."
  • Street of Broken Dreams

    The authors investigated predatory lending on West Camile Street in Santa Ana, CA. They found that subprime lending had become so out of control, many residents of the area were being threatened with foreclosure after sales prices fell below the amounts they owed and monthly payments soared. The investigation reveals that most of the victims of subprime lenders are Latino; often the borrowers spoke little English and did not understand the terms of their mortgages. The story also examined the impact of the practice on the neighborhood; as homeowners packed tenants into their houses to pay mortgages, they caused crowding and parking problems. Furthermore, recently foreclosed houses are attracting squatters and gangs.
  • The New Street Hustle

    The series documented how mortgage fraud is taking place in Chicago's poorest communities, robbing vulnerable families of their homes and draining billions of dollars from the U.S. economy.
  • Buying a Home

    Banks and mortgage companies still do relatively little business among minorities and in minority neighborhoods. That applies to even the biggest banks, which under law must serve the entire area where they take deposits. Lenders still reject minority mortgage applicants far more frequently than whites. Even high income minorities are rejected more frequently than whites with lower incomes. These patterns don't prove illegal discrimination. But taken with interviews with dozens of loan applicants, bankers, community activists, regulators and researchers, they show that barriers to minority homeownership still stand.
  • Unequal Opportunity

    Santa Rosa (Calif.) Press Democrat reveals a pattern of higher loan rejections for minorites than for whites in the Santa Rosa area; computer-assisted report finds that disparities between whites and minorities was even higher in high-income brackets.