African-American Homeownership Became More Risky In The 1990s
Tuesday, July 22, 2014 - 11:40
in Psychology & Sociology
In the 1990s, it was claimed that minorities were less likely to get home mortgages 30 years after anti-discrimination laws were added to specify housing, so policies were instituted requiring justification when people were denied a home loan. As a result of widespread loan liberalization, everyone was able to get loans and there was a resulting mortgage loan crisis after the core of the system was revealed as flawed. read more