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Redlining
Redlining is the practice of denying or increasing the cost of services, such as banking, insurance, access to jobs,[2] access to health care,[3] or even supermarkets[4] to residents in certain, often racially determined,[5] areas. The most devastating form of redlining, and the most common use of the term, refers to mortgage discrimination. The term "redlining" was coined in the late 1960s by community activists in Chicago. It describes the practice of marking a red line on a map to delineate the area where banks would not invest. These lines were usually drawn using empirical data which suggested a loss in investment would probably occur. During the heyday of redlining these areas were most frequently black inner city neighborhoods.
The "New Redlining"
The Washington Post reported this weekend on mortgage lenders imposing loan restrictions on entire counties or zip codes considered to be "soft markets...
Credit Card Redlining
A new study suggests that redlining occurs in the credit card industry
From Redlining to Target Practice
H&R Block, subprime mortgage, Option One, racial discrimination
"Redlining" and the subprime bubble, cont'd
A failure of the free market? Not exactly (via Bader, emphasis added): Internal documents show that even late in the housing bubble, [federal-government-sponsored] Fannie Mae was drawn to risky loans by a variety of temptations, including the desire to increase...
Should governments worry about a return of redlining? ?
Should law refocus its attention on the practice of ?redlining? ?- the practice of avoiding mortgage lending and other services because of race or location? Some conservative chatter asserts that the housing and financial mess was generated in large part...
NY Fed Study Debunks ?Reverse Redlining?
Did lenders target minorities with higher-cost loans, relative to their white counterparts? Consumer advocates have long trumpeted this as fact, using studies commissioned by their own staff and publicly-available data via the Home Mortgage Disclosure Act to allege that banks routinely and deliberately offered disparate terms to minority borrowers...
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