Mortgage Discrimination Research Paper

Powerful Essays
Mortgage Discrimination
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…
D. (2011). Not in my neighborhood: How bigotry shaped a great american city. The Journal of American History, 97(4), 1176. Retrieved from http://search.proquest.com/docview/897972120?accountid=32521
Ezeala-harrison, F., Glover, G. B., & Shaw-jackson, J. (2008). Housing loan patterns toward minority borrowers in mississippi: Analysis of some micro data evidence of redlining. Review of Black Political Economy, 35(1), 43-54. doi:http://dx.doi.org/10.1007/s12114-008-9020-4
Holmes, A. (2000). Neighborhood racial composition and mortgage redlining: A nationwide analysis. Journal of Real Estate Portfolio Management, 6(1), 37-51. Retrieved from http://search.proquest.com/docview/197885183?accountid=32521
Phillips, S. (2003). African americans and mortgage lending discrimination. Western Journal of Black Studies, 27(2), 65-79. Retrieved from http://search.proquest.com/docview/200360680?accountid=32521
Seaquist, G. (2012). Business law for managers. San Diego, CA: Bridgepoint Education, Inc.
Silverman, R. M. (2005). Redlining in a majority black city?: Mortgage lending and the racial composition of detroit neighborhoods. Western Journal of Black Studies, 29(1), 531-541. Retrieved from

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