Kevin J. Taylor
BUS670: Legal Environment
Dr. David MacKusick
July 13, 2013
Abstract
This paper delves into the condition of mortgage discrimination and redlining. The American Dream for most Americans is to successful navigate the mortgage process and obtain a mortgage loan. Mortgage discrimination and redlining provide a hurdle to realizing that dream. Mortgage discrimination is a barrier to the consumer receiving a mortgage loan. Redlining is an obstacle to mortgage lending is high-risk neighborhoods. Durr observed that some “city leaders turned to racial covenants” (2011; p. 1176). The federal regulations that are in place to reduce mortgage discrimination include the Community Reinvestment Act, Home …show more content…
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